Vital Energy (NYSE:VTLE) Given New $36.00 Price Target at Wells Fargo & Company

Vital Energy (NYSE:VTLE) had its target price lifted by Wells Fargo & Company from $34.00 to $36.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

VTLE has been the subject of several other research reports. Piper Sandler cut their target price on Vital Energy from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Mizuho upped their price objective on Vital Energy from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Truist Financial raised their price objective on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $46.36.

Vital Energy Price Performance

Shares of VTLE stock opened at $36.06 on Wednesday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 2.53 and a beta of 3.16. Vital Energy has a 12 month low of $25.85 and a 12 month high of $58.30. The stock has a 50-day moving average price of $31.37 and a 200 day moving average price of $33.43. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.80.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $459.23 million for the quarter, compared to analyst estimates of $461.58 million. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.16 EPS. Research analysts expect that Vital Energy will post 6.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new stake in Vital Energy in the 3rd quarter worth approximately $26,000. International Assets Investment Management LLC lifted its holdings in Vital Energy by 2,590.7% during 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 during the last quarter. Signaturefd LLC grew its position in shares of Vital Energy by 234.2% during the 3rd quarter. Signaturefd LLC now owns 2,326 shares of the company’s stock worth $63,000 after buying an additional 1,630 shares during the period. nVerses Capital LLC grew its position in shares of Vital Energy by 94.4% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $94,000 after buying an additional 1,700 shares during the period. Finally, Scientech Research LLC acquired a new position in Vital Energy during the second quarter valued at approximately $239,000. 86.54% of the stock is currently owned by institutional investors.

Vital Energy Company Profile

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.