Truist Financial Raises Vital Energy (NYSE:VTLE) Price Target to $69.00

Vital Energy (NYSE:VTLE) had its price target increased by equities researchers at Truist Financial from $68.00 to $69.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 58.33% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Vital Energy from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Vital Energy from $48.00 to $51.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Wolfe Research started coverage on Vital Energy in a research report on Thursday, July 18th. They set an “underperform” rating and a $50.00 target price for the company. Bank of America reissued an “underperform” rating and issued a $46.00 price target on shares of Vital Energy in a report on Friday, June 14th. Finally, KeyCorp lifted their price objective on shares of Vital Energy from $55.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.36.

Vital Energy Stock Up 2.0 %

VTLE traded up $0.86 during midday trading on Wednesday, reaching $43.58. 190,747 shares of the company were exchanged, compared to its average volume of 797,487. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 1.81 and a beta of 3.22. Vital Energy has a one year low of $40.00 and a one year high of $62.87. The company’s fifty day moving average price is $44.86 and its 200 day moving average price is $47.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.22 and a current ratio of 1.22.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.13. The business had revenue of $482.34 million during the quarter, compared to the consensus estimate of $454.97 million. Vital Energy had a return on equity of 14.22% and a net margin of 30.34%. As a group, analysts expect that Vital Energy will post 8.53 EPS for the current year.

Institutional Trading of Vital Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VTLE. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of Vital Energy by 62.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 180,641 shares of the company’s stock worth $8,217,000 after purchasing an additional 69,398 shares during the period. Jump Financial LLC purchased a new position in Vital Energy during the fourth quarter worth about $2,877,000. Rafferty Asset Management LLC raised its holdings in shares of Vital Energy by 52.8% in the 4th quarter. Rafferty Asset Management LLC now owns 113,351 shares of the company’s stock valued at $5,156,000 after acquiring an additional 39,147 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Vital Energy by 29.3% during the 1st quarter. First Eagle Investment Management LLC now owns 207,705 shares of the company’s stock valued at $10,913,000 after acquiring an additional 47,100 shares during the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in shares of Vital Energy during the fourth quarter worth about $826,000. 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.