Vital Energy (NYSE:VTLE) Price Target Raised to $49.00 at Truist Financial

Vital Energy (NYSE:VTLE) had its price target lifted by investment analysts at Truist Financial from $48.00 to $49.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 37.37% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company lowered their price objective on Vital Energy from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. BMO Capital Markets lowered their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler decreased their price target on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.09.

Vital Energy Price Performance

Shares of VTLE traded up $0.03 during trading hours on Monday, hitting $35.67. 229,598 shares of the stock were exchanged, compared to its average volume of 760,398. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.67. Vital Energy has a 12-month low of $25.85 and a 12-month high of $58.30. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 2.50 and a beta of 3.16. The stock’s 50-day moving average price is $31.02 and its two-hundred day moving average price is $33.56.

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

Hedge Funds Weigh In On Vital Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in Vital Energy in the 3rd quarter valued at about $26,000. International Assets Investment Management LLC raised its position in Vital Energy by 2,590.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,018 shares of the company’s stock valued at $54,000 after purchasing an additional 1,943 shares in the last quarter. Signaturefd LLC raised its position in Vital Energy by 234.2% in the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock valued at $63,000 after purchasing an additional 1,630 shares in the last quarter. nVerses Capital LLC raised its position in Vital Energy by 94.4% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $94,000 after purchasing an additional 1,700 shares in the last quarter. Finally, US Bancorp DE raised its position in Vital Energy by 1,878.3% in the 3rd quarter. US Bancorp DE now owns 6,390 shares of the company’s stock valued at $172,000 after purchasing an additional 6,067 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other 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.