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

Vital Energy, Inc. (NYSE:VTLE) has earned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.90.

Several analysts have recently issued reports on VTLE shares. Piper Sandler upped their price target on Vital Energy from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wolfe Research upgraded Vital Energy from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. 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 note on Thursday, December 5th. Mizuho upped their price target on Vital Energy from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Finally, Truist Financial upped their price target on Vital Energy from $48.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, January 13th.

Institutional Trading of Vital Energy

Several hedge funds have recently added to or reduced their stakes in the business. Tributary Capital Management LLC bought a new stake in shares of Vital Energy in the 3rd quarter worth approximately $7,945,000. State Street Corp lifted its position in shares of Vital Energy by 14.4% in the 3rd quarter. State Street Corp now owns 1,755,173 shares of the company’s stock worth $47,214,000 after acquiring an additional 220,871 shares during the period. Barclays PLC lifted its position in shares of Vital Energy by 124.0% in the 3rd quarter. Barclays PLC now owns 338,675 shares of the company’s stock worth $9,110,000 after acquiring an additional 187,503 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Vital Energy in the 4th quarter worth approximately $4,022,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Vital Energy by 25.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 504,885 shares of the company’s stock worth $15,611,000 after acquiring an additional 103,583 shares during the period. Institutional investors own 86.54% of the company’s stock.

Vital Energy Stock Performance

Shares of VTLE stock opened at $33.75 on Friday. 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 has a fifty-two week low of $25.85 and a fifty-two week high of $58.30. The stock’s 50-day moving average is $32.32 and its two-hundred day moving average is $31.90. The firm has a market cap of $1.29 billion, a P/E ratio of 2.36 and a beta of 3.12.

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.