Wells Fargo & Company Issues Positive Forecast for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its price objective lifted by investment analysts at Wells Fargo & Company from $34.00 to $36.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 1.29% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their price target on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Mizuho boosted their target price on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday. BMO Capital Markets decreased their price target on shares of 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. Truist Financial boosted their price objective on shares of Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Piper Sandler decreased their target price on shares of Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.36.

Vital Energy Trading Up 0.2 %

NYSE:VTLE opened at $35.54 on Wednesday. The company has a 50-day moving average price of $31.37 and a 200-day moving average price of $33.43. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 2.49 and a beta of 3.16. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The company had revenue of $459.23 million during the quarter, compared to the consensus estimate of $461.58 million. Vital Energy had a net margin of 25.09% and a return on equity of 9.05%. Vital Energy’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 earnings per share. Equities analysts predict that Vital Energy will post 6.93 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System boosted its stake 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 lifted its holdings in shares of Vital Energy by 2.8% during 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 in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Vital Energy by 2.7% during the third quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after buying an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Vital Energy by 3.6% during the third quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock valued at $390,000 after buying an additional 503 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Vital Energy by 1.7% in 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 in the last quarter. 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.