Raymond James Cuts Vital Energy (NYSE:VTLE) Price Target to $30.00

Vital Energy (NYSE:VTLE) had its price objective reduced by Raymond James from $44.00 to $30.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Mizuho boosted their price objective on shares of Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Piper Sandler dropped their price target on Vital Energy from $32.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, March 6th. Wolfe Research raised Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Siebert Williams Shank cut Vital Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $62.00 to $27.00 in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Vital Energy Stock Up 2.9 %

NYSE:VTLE opened at $21.53 on Monday. The company has a market cap of $820.55 million, a price-to-earnings ratio of -4.53 and a beta of 3.07. Vital Energy has a 52-week low of $20.00 and a 52-week high of $58.30. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.67 and a current ratio of 0.78. The stock’s fifty day moving average price is $31.17 and its two-hundred day moving average price is $30.35.

Vital Energy (NYSE:VTLE) last released its earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.27. The firm had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. On average, analysts anticipate that Vital Energy will post 8.49 EPS for the current year.

Institutional Trading of Vital Energy

Institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in shares of Vital Energy by 1,878.3% during the third quarter. US Bancorp DE now owns 6,390 shares of the company’s stock worth $172,000 after purchasing an additional 6,067 shares during the period. Principal Financial Group Inc. grew its stake in shares of Vital Energy by 0.9% during the third quarter. Principal Financial Group Inc. now owns 127,271 shares of the company’s stock worth $3,424,000 after buying an additional 1,089 shares during the last quarter. Tyler Stone Wealth Management raised its position in Vital Energy by 127.7% in the third quarter. Tyler Stone Wealth Management now owns 25,390 shares of the company’s stock valued at $683,000 after purchasing an additional 14,237 shares during the last quarter. Versor Investments LP boosted its stake 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. Finally, Entropy Technologies LP boosted its position in Vital Energy by 34.7% during the 3rd quarter. Entropy Technologies LP now owns 22,518 shares of the company’s stock worth $606,000 after buying an additional 5,801 shares during the period. 86.54% of the stock is currently owned by 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.