Truist Financial Lowers Vital Energy (NYSE:VTLE) Price Target to $47.00

Vital Energy (NYSE:VTLE) had its price target decreased by research analysts at Truist Financial from $49.00 to $47.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 61.76% from the company’s current price.

VTLE has been the topic of a number of other research reports. Wells Fargo & Company upped their target price on Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Piper Sandler upped their target price on Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Mizuho upped their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.70.

Vital Energy Trading Down 6.0 %

NYSE:VTLE traded down $1.85 during mid-day trading on Friday, reaching $29.06. 783,680 shares of the company’s stock traded hands, compared to its average volume of 840,943. Vital Energy has a 12-month low of $25.85 and a 12-month high of $58.30. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -6.12 and a beta of 3.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50 day moving average price of $32.63 and a 200-day moving average price of $31.61.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, February 19th. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. Vital Energy had a positive return on equity of 9.32% and a negative net margin of 8.89%. The firm had revenue of $534.37 million for the quarter, compared to the consensus estimate of $550.90 million. On average, sell-side analysts predict that Vital Energy will post 8.49 earnings per share for the current year.

Hedge Funds Weigh In On Vital Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its position in Vital Energy by 5.6% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,214,295 shares of the company’s stock valued at $68,466,000 after acquiring an additional 118,367 shares in the last quarter. Vanguard Group Inc. lifted its position in Vital Energy by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 2,116,497 shares of the company’s stock valued at $65,442,000 after acquiring an additional 62,771 shares in the last quarter. State Street Corp lifted its position in Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after acquiring an additional 220,871 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Vital Energy by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,395,883 shares of the company’s stock valued at $43,157,000 after acquiring an additional 9,676 shares in the last quarter. Finally, Woodline Partners LP bought a new position in Vital Energy in the 4th quarter valued at approximately $39,392,000. 86.54% of the stock is owned by 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.