Vital Energy (NYSE:VTLE) Given New $51.00 Price Target at JPMorgan Chase & Co.

Vital Energy (NYSE:VTLE - Get Free Report) had its target price raised by analysts at JPMorgan Chase & Co. from $48.00 to $51.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 10.67% from the stock's current price.

A number of other research analysts have also recently issued reports on the company. TheStreet cut Vital Energy from a "b-" rating to a "c+" rating in a research note on Thursday, December 14th. Stifel Nicolaus cut their price target on shares of Vital Energy from $86.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. Raymond James increased their price target on shares of Vital Energy from $53.00 to $56.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 24th. Mizuho upped their target price on Vital Energy from $50.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Finally, Piper Sandler upped their target price on shares of Vital Energy from $50.00 to $54.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vital Energy currently has an average rating of "Hold" and a consensus price target of $57.50.

Vital Energy Price Performance

Shares of VTLE stock traded down $0.06 on Thursday, reaching $57.09. The company's stock had a trading volume of 736,775 shares, compared to its average volume of 762,928. Vital Energy has a 12-month low of $40.00 and a 12-month high of $62.87. The stock's 50 day simple moving average is $49.44 and its 200-day simple moving average is $47.91. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.09 billion, a P/E ratio of 1.74 and a beta of 3.24.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.11. Vital Energy had a net margin of 44.91% and a return on equity of 17.60%. The business had revenue of $444.52 million for the quarter, compared to the consensus estimate of $440.85 million. During the same period last year, the firm posted $3.49 earnings per share. Vital Energy's quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts predict that Vital Energy will post 9.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTLE. Swiss National Bank bought a new position in shares of Vital Energy during the 2nd quarter valued at about $1,648,000. Charles Schwab Investment Management Inc. bought a new stake in Vital Energy during the 2nd quarter valued at about $8,678,000. Great West Life Assurance Co. Can purchased a new position in shares of Vital Energy during the second quarter worth approximately $697,000. Osaic Holdings Inc. purchased a new position in shares of Vital Energy during the second quarter worth approximately $258,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Vital Energy during the second quarter valued at approximately $402,000. Institutional investors own 86.54% of the company's stock.

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.