Vital Energy (NYSE:VTLE) Price Target Cut to $50.00

Vital Energy (NYSE:VTLE) had its price objective lowered by equities researchers at Wells Fargo & Company from $54.00 to $50.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 14.78% from the company’s previous close.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Vital Energy from $48.00 to $51.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Truist Financial lowered their price target on Vital Energy from $86.00 to $77.00 and set a “buy” rating for the company in a report on Friday, April 5th. Wolfe Research initiated coverage on Vital Energy in a report on Thursday, July 18th. They issued an “underperform” rating and a $50.00 price target for the company. Stifel Nicolaus raised their price target on Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Mizuho raised their price target on Vital Energy from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.27.

Vital Energy Price Performance

VTLE opened at $43.56 on Monday. The business’s 50-day moving average is $45.51 and its two-hundred day moving average is $47.78. Vital Energy has a 1 year low of $40.00 and a 1 year high of $62.87. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1.60 billion, a PE ratio of 1.81 and a beta of 3.22.

Vital Energy (NYSE:VTLE) last posted its earnings results on Wednesday, May 8th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.13. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. The company had revenue of $482.34 million for the quarter, compared to analyst estimates of $454.97 million. Research analysts anticipate that Vital Energy will post 8.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

A number of institutional investors and hedge funds have recently modified their holdings of VTLE. ORG Partners LLC lifted its holdings in shares of Vital Energy by 100.0% during the fourth quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. CWM LLC raised its position in Vital Energy by 400.9% during the second quarter. CWM LLC now owns 581 shares of the company’s stock valued at $26,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC purchased a new position in Vital Energy during the fourth quarter valued at approximately $33,000. Quadrant Capital Group LLC raised its position in Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in Vital Energy during the first quarter valued at approximately $206,000. Institutional investors and hedge funds 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.