Vital Energy (NYSE:VTLE) Price Target Raised to $21.00 at Mizuho

Vital Energy (NYSE:VTLE) had its price target hoisted by stock analysts at Mizuho from $19.00 to $21.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target suggests a potential upside of 14.89% from the stock’s previous close.

A number of other analysts also recently commented on VTLE. Zacks Research downgraded Vital Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Piper Sandler upped their price target on shares of Vital Energy from $16.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Wells Fargo & Company reduced their price objective on shares of Vital Energy from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Wall Street Zen downgraded shares of Vital Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Vital Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Vital Energy presently has an average rating of “Reduce” and a consensus target price of $27.56.

Vital Energy Stock Performance

Vital Energy stock opened at $18.28 on Wednesday. Vital Energy has a 52 week low of $12.30 and a 52 week high of $36.72. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.10. The stock has a market cap of $707.18 million, a P/E ratio of -0.92 and a beta of 1.39. The stock has a 50 day moving average of $16.34 and a 200-day moving average of $16.71.

Vital Energy (NYSE:VTLE) last posted its quarterly earnings results on Monday, November 3rd. The company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.07). Vital Energy had a negative net margin of 38.52% and a positive return on equity of 11.86%. The firm had revenue of $420.83 million for the quarter, compared to analyst estimates of $458.87 million. During the same period in the prior year, the company posted $1.61 earnings per share. The business’s revenue was down 8.4% on a year-over-year basis. On average, analysts expect that Vital Energy will post 8.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dana Investment Advisors Inc. increased its stake in Vital Energy by 11.1% in the third quarter. Dana Investment Advisors Inc. now owns 373,628 shares of the company’s stock valued at $6,311,000 after acquiring an additional 37,262 shares during the period. Vanguard Group Inc. increased its stake in shares of Vital Energy by 6.3% in the third quarter. Vanguard Group Inc. now owns 2,267,671 shares of the company’s stock valued at $38,301,000 after buying an additional 133,755 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Vital Energy by 22.4% during the third quarter. Public Sector Pension Investment Board now owns 113,491 shares of the company’s stock worth $1,917,000 after purchasing an additional 20,797 shares in the last quarter. Alpine Associates Management Inc. bought a new position in Vital Energy in the 3rd quarter valued at $6,630,000. Finally, Cibc World Market Inc. acquired a new stake in Vital Energy in the third quarter worth about $292,000. Institutional investors own 86.54% of the company’s stock.

Vital Energy Company Profile

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.