Vital Energy, Inc. (NYSE:VTLE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Vital Energy, Inc. (NYSE:VTLE) have been given an average rating of “Hold” by the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment 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 1-year target price among brokers that have issued ratings on the stock in the last year is $45.70.

VTLE has been the subject of several research reports. Truist Financial cut their target price on shares of Vital Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, February 21st. 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 report on Thursday, December 5th. Mizuho upped 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. Wolfe Research upgraded shares of Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on shares of Vital Energy from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th.

Vital Energy Stock Down 10.8 %

VTLE opened at $23.82 on Tuesday. The company has a fifty day moving average price of $32.35 and a 200-day moving average price of $31.03. The firm has a market capitalization of $908.04 million, a P/E ratio of -5.01 and a beta of 3.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.78 and a quick ratio of 0.67. Vital Energy has a one year low of $23.48 and a one year high of $58.30.

Vital Energy (NYSE:VTLE) last released its quarterly earnings results on Wednesday, February 19th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.27. The firm had revenue of $534.37 million during the quarter, compared to analyst estimates of $550.90 million. Vital Energy had a negative net margin of 8.89% and a positive return on equity of 9.48%. Equities research analysts expect that Vital Energy will post 8.49 earnings per share for the current fiscal year.

Institutional Trading of Vital Energy

Several institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its stake in shares of Vital Energy by 805.9% during the fourth quarter. Sterling Capital Management LLC now owns 915 shares of the company’s stock valued at $28,000 after acquiring an additional 814 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of Vital Energy during the third quarter valued at about $26,000. R Squared Ltd bought a new position in shares of Vital Energy during the fourth quarter valued at about $34,000. Nisa Investment Advisors LLC raised its stake in shares of Vital Energy by 276.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $34,000 after acquiring an additional 803 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Vital Energy during the fourth quarter valued at about $37,000. 86.54% of the stock is currently owned by hedge funds and other 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.