Mizuho Issues Positive Forecast for Vital Energy (NYSE:VTLE) Stock Price

Vital Energy (NYSE:VTLE) had its target price raised by Mizuho from $37.00 to $38.00 in a research report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

VTLE has been the topic of several other research reports. Truist Financial boosted their price objective on Vital Energy from $48.00 to $49.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets cut their price target on shares of 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. Wells Fargo & Company lowered their price objective on shares of Vital Energy from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. upped their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, Wolfe Research raised shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.18.

Vital Energy Trading Up 0.2 %

Shares of VTLE stock opened at $35.54 on Tuesday. The company has a 50-day moving average of $31.37 and a two-hundred day moving average of $33.43. The firm has a market cap of $1.36 billion, a PE ratio of 2.49 and a beta of 3.16. Vital Energy has a 1-year low of $25.85 and a 1-year high of $58.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.67 and a quick ratio of 0.67.

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

Institutional Trading of Vital Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Vital Energy by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock valued at $17,031,000 after acquiring an additional 17,782 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Vital Energy in the second quarter valued at approximately $4,250,000. Raymond James & Associates increased its stake in Vital Energy by 96.8% in the third quarter. Raymond James & Associates now owns 145,167 shares of the company’s stock valued at $3,905,000 after purchasing an additional 71,385 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock worth $77,227,000 after purchasing an additional 282,574 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Vital Energy by 52.3% in the 2nd quarter. Sei Investments Co. now owns 66,126 shares of the company’s stock valued at $2,964,000 after buying an additional 22,711 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

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.