Vital Energy (NYSE:VTLE) PT Raised to $55.00 at Mizuho

Vital Energy (NYSE:VTLE - Get Free Report) had its price objective upped by analysts at Mizuho from $54.00 to $55.00 in a report released on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's target price suggests a potential downside of 0.49% from the stock's current price.

A number of other research analysts have also recently commented on VTLE. KeyCorp dropped their target price on shares of Vital Energy from $58.00 to $55.00 and set an "overweight" rating for the company in a report on Thursday, January 11th. Raymond James raised their price objective on Vital Energy from $53.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Stifel Nicolaus lowered their target price on Vital Energy from $86.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, January 23rd. Truist Financial cut their price target on Vital Energy from $86.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. Finally, Piper Sandler raised their price objective on shares of Vital Energy from $50.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $57.60.

Vital Energy Price Performance

Shares of NYSE VTLE traded down $1.21 during trading hours on Monday, hitting $55.27. 902,634 shares of the stock were exchanged, compared to its average volume of 766,171. The company's fifty day simple moving average is $49.73 and its two-hundred day simple moving average is $47.85. The company has a market cap of $2.03 billion, a PE ratio of 1.71 and a beta of 3.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.62 and a current ratio of 0.62. Vital Energy has a 1-year low of $40.00 and a 1-year high of $62.87.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.11. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The company had revenue of $444.52 million for the quarter, compared to analyst estimates of $440.85 million. During the same quarter last year, the company posted $3.49 EPS. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that Vital Energy will post 9.59 EPS for the current year.

Institutional Trading of Vital Energy

Large investors have recently modified their holdings of the stock. Range Financial Group LLC bought a new stake in Vital Energy in the 1st quarter valued at about $206,000. GAMMA Investing LLC grew its stake in Vital Energy by 39.2% in the first quarter. GAMMA Investing LLC now owns 1,054 shares of the company's stock valued at $55,000 after acquiring an additional 297 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $641,000. Quadrature Capital Ltd bought a new stake in shares of Vital Energy during the fourth quarter valued at approximately $265,000. Finally, Vanguard Group Inc. raised its position in shares of Vital Energy by 37.7% during the fourth quarter. Vanguard Group Inc. now owns 1,816,743 shares of the company's stock worth $82,644,000 after purchasing an additional 497,340 shares during the period. Institutional investors and hedge funds 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.