By otakuyassine3@gmail.com 
Vital Energy (NYSE:VTLE – Free Report) had its price objective raised by Mizuho from $37.00 to $38.00 in a report released on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.
Several other research analysts have also recently commented on VTLE. Truist Financial increased their target price on shares of Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Wells Fargo & Company dropped their target price on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. BMO Capital Markets decreased their price target on Vital Energy from $48.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Piper Sandler lowered their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.36.
Get Our Latest Research Report on VTLE
Vital Energy Stock Performance
VTLE opened at $36.51 on Tuesday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 2.56 and a beta of 3.16. The business’s 50-day moving average price is $31.51 and its two-hundred day moving average price is $33.45. Vital Energy has a 1 year low of $25.85 and a 1 year high of $58.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.
Vital Energy (NYSE:VTLE – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. During the same quarter last year, the firm earned $5.16 EPS. Vital Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts expect that Vital Energy will post 6.91 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in Vital Energy by 5.4% during the 2nd quarter. Arizona State Retirement System now owns 6,670 shares of the company’s stock valued at $299,000 after purchasing an additional 342 shares during the last quarter. Versor Investments LP raised its position in shares of Vital Energy by 2.8% in the third quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Vital Energy by 2.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock worth $414,000 after buying an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock worth $390,000 after buying an additional 503 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Vital Energy by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 32,288 shares of the company’s stock worth $1,447,000 after buying an additional 527 shares during the period. 86.54% of the stock is owned by institutional investors and hedge funds.
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.
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