Stifel Nicolaus Boosts Vital Energy (NYSE:VTLE) Price Target to $75.00

Vital Energy (NYSE:VTLE) had its price objective increased by Stifel Nicolaus from $70.00 to $75.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. Wells Fargo & Company lifted their target price on Vital Energy from $51.00 to $57.00 and gave the company an equal weight rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a report on Thursday, April 11th. Truist Financial decreased their target price on Vital Energy from $86.00 to $77.00 and set a buy rating for the company in a report on Friday, April 5th. Piper Sandler decreased their target price on Vital Energy from $54.00 to $52.00 and set a neutral rating for the company in a report on Friday, April 19th. Finally, Raymond James lifted their target price on Vital Energy from $53.00 to $56.00 and gave the company an outperform rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vital Energy has an average rating of Hold and an average price target of $59.40.

Vital Energy Trading Down 0.9 %

Shares of NYSE VTLE opened at $54.64 on Tuesday. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $51.69 and a 200-day simple moving average of $48.13. The stock has a market capitalization of $2.00 billion, a PE ratio of 1.66 and a beta of 3.24.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. During the same period in the previous year, the firm posted $3.49 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that Vital Energy will post 9.13 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its holdings in Vital Energy by 13.6% during the 1st quarter. New York State Teachers Retirement System now owns 14,989 shares of the company’s stock worth $788,000 after buying an additional 1,797 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Vital Energy by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,300 shares of the company’s stock valued at $541,000 after purchasing an additional 869 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of Vital Energy in the 1st quarter valued at about $314,000. Range Financial Group LLC purchased a new stake in shares of Vital Energy in the 1st quarter valued at about $206,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Vital Energy by 39.2% in the 1st quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock valued at $55,000 after purchasing an additional 297 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

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.