Truist Financial Forecasts Strong Price Appreciation for Vital Energy (NYSE:VTLE) Stock

Vital Energy (NYSE:VTLE) had its price objective lifted by Truist Financial from $48.00 to $49.00 in a research note released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on VTLE. JPMorgan Chase & Co. upped their price target on Vital Energy from $29.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Mizuho lowered their price objective on Vital Energy from $39.00 to $37.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets lowered their price objective on Vital Energy from $48.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler lowered their price objective on Vital Energy from $35.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.36.

Vital Energy Stock Performance

Shares of NYSE:VTLE opened at $36.00 on Monday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.37 billion, a P/E ratio of 2.52 and a beta of 3.16. The business has a 50-day moving average price of $31.37 and a two-hundred day moving average price of $33.43. Vital Energy has a 1-year low of $25.85 and a 1-year high of $58.30.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. Vital Energy had a return on equity of 9.05% and a net margin of 25.09%. The business had revenue of $459.23 million during the quarter, compared to analyst estimates of $461.58 million. During the same period in the previous year, the firm earned $5.16 EPS. Vital Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Vital Energy will post 6.93 earnings per share for the current year.

Institutional Trading of Vital Energy

Large investors have recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Vital Energy by 14.4% during the third quarter. State Street Corp now owns 1,755,173 shares of the company’s stock valued at $47,214,000 after purchasing an additional 220,871 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vital Energy by 19.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,723,075 shares of the company’s stock valued at $77,227,000 after buying an additional 282,574 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Vital Energy in the second quarter worth $64,690,000. Geode Capital Management LLC boosted its position in Vital Energy by 2.9% in the third quarter. Geode Capital Management LLC now owns 633,017 shares of the company’s stock worth $17,031,000 after purchasing an additional 17,782 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Vital Energy by 6.5% during the 3rd quarter. Victory Capital Management Inc. now owns 576,470 shares of the company’s stock valued at $15,507,000 after buying an additional 35,133 shares during the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.

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.