Vital Energy (NYSE:VTLE) Price Target Cut to $66.00

Vital Energy (NYSE:VTLE) had its price target decreased by analysts at Truist Financial from $69.00 to $66.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 75.72% from the company’s previous close.

A number of other equities research analysts also recently issued reports on VTLE. KeyCorp upped their price objective on Vital Energy from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Stifel Nicolaus increased their target price on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Wells Fargo & Company decreased their target price on Vital Energy from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, July 22nd. Piper Sandler reduced their price objective on shares of Vital Energy from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They set an “underperform” rating and a $50.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.09.

Vital Energy Stock Performance

Shares of NYSE:VTLE traded down $0.27 during midday trading on Friday, hitting $37.56. The company had a trading volume of 599,552 shares, compared to its average volume of 832,473. Vital Energy has a 12-month low of $36.53 and a 12-month high of $62.87. The company has a fifty day moving average of $43.40 and a two-hundred day moving average of $47.59. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 1.56 and a beta of 3.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.42). Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $476.37 million during the quarter, compared to analysts’ expectations of $468.76 million. During the same quarter in the previous year, the company earned $4.35 EPS. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. On average, equities research analysts expect that Vital Energy will post 8.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. ORG Partners LLC boosted its holdings in Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after buying an additional 285 shares during the last quarter. CWM LLC raised its holdings in Vital Energy by 400.9% in the 2nd quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares during the last quarter. GAMMA Investing LLC acquired a new position in Vital Energy during the fourth quarter worth $33,000. Quadrant Capital Group LLC raised its stake in shares of Vital Energy by 42.0% in the 4th quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the period. Finally, nVerses Capital LLC boosted its position in shares of Vital Energy by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock worth $81,000 after purchasing an additional 900 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.

About Vital Energy

Vital Energy, Inc, an independent energy company, engages in the acquisition, exploration, and development of oil and natural gas properties in the Permian Basin of West Texas, the United States. The company was formerly known as Laredo Petroleum, Inc and changed its name to Vital Energy, Inc in January 2023.