Wells Fargo & Company Raises Vital Energy (NYSE:VTLE) Price Target to $57.00

Vital Energy (NYSE:VTLE) had its price objective boosted by Wells Fargo & Company from $51.00 to $57.00 in a research note published on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on the stock. Stifel Nicolaus lowered their price target on shares of Vital Energy from $86.00 to $70.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. KeyCorp reduced their price objective on shares of Vital Energy from $58.00 to $55.00 and set an overweight rating for the company in a research report on Thursday, January 11th. Piper Sandler raised their price objective on shares of Vital Energy from $50.00 to $54.00 and gave the company a neutral rating in a research report on Thursday, March 7th. Raymond James upped their price objective on shares of Vital Energy from $53.00 to $56.00 and gave the company an outperform rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Vital Energy currently has a consensus rating of Hold and a consensus price target of $58.10.

Vital Energy Price Performance

Vital Energy stock opened at $53.79 on Thursday. Vital Energy has a 1 year low of $40.00 and a 1 year high of $62.87. The firm has a 50 day moving average price of $50.87 and a 200 day moving average price of $47.91. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 1.64 and a beta of 3.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62.

Vital Energy (NYSE:VTLE) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.11. The business had revenue of $444.52 million during the quarter, compared to the consensus estimate of $440.85 million. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 earnings per share. Sell-side analysts predict that Vital Energy will post 9.48 earnings per share for the current year.

Hedge Funds Weigh In On Vital Energy

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Vital Energy by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,300 shares of the company’s stock worth $541,000 after buying an additional 869 shares in the last quarter. DGS Capital Management LLC bought a new position in shares of Vital Energy during the 1st quarter worth approximately $314,000. Range Financial Group LLC acquired a new stake in shares of Vital Energy in the first quarter valued at approximately $206,000. GAMMA Investing LLC lifted its position in shares of Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company’s stock worth $55,000 after purchasing an additional 297 shares in the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in Vital Energy during the fourth quarter worth $641,000. Institutional investors own 86.54% of the company’s stock.

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.