Vital Energy, Inc. (NYSE:VTLE) Given Average Recommendation of “Hold” by Analysts

Vital Energy, Inc. (NYSE:VTLE) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $45.70.

A number of research firms have issued reports on VTLE. Piper Sandler lifted their price target on Vital Energy from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Vital Energy from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Mizuho lifted their target price on shares of Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Truist Financial dropped their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th.

Vital Energy Stock Performance

Shares of VTLE opened at $23.82 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. The stock has a 50-day moving average of $32.35 and a 200-day moving average of $31.03. The company has a market cap of $908.04 million, a PE ratio of -5.01 and a beta of 3.12. Vital Energy has a one year low of $23.48 and a one year high of $58.30.

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

Institutional Investors Weigh In On Vital Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versor Investments LP raised its holdings in Vital Energy by 2.8% during the 3rd quarter. Versor Investments LP now owns 14,900 shares of the company’s stock valued at $401,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue raised its holdings in Vital Energy by 2.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,392 shares of the company’s stock valued at $414,000 after acquiring an additional 409 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Vital Energy by 3.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 14,490 shares of the company’s stock valued at $390,000 after acquiring an additional 503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Vital Energy by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,278 shares of the company’s stock valued at $503,000 after purchasing an additional 535 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Vital Energy by 9.1% during the 4th quarter. US Bancorp DE now owns 6,971 shares of the company’s stock valued at $216,000 after purchasing an additional 581 shares in the last quarter. 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.