Vital Energy (NYSE:VTLE) PT Raised to $63.00 at KeyCorp

Vital Energy (NYSE:VTLE - Get Free Report) had its price objective upped by KeyCorp from $55.00 to $63.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. KeyCorp's price target points to a potential upside of 15.45% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Piper Sandler dropped their price objective on Vital Energy from $54.00 to $52.00 and set a "neutral" rating on the stock in a report on Friday. Wells Fargo & Company increased their price target on shares of Vital Energy from $51.00 to $57.00 and gave the company an "equal weight" rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Vital Energy from $86.00 to $70.00 and set a "buy" rating for the company in a research report on Tuesday, January 23rd. Raymond James increased their target price on shares of Vital Energy from $53.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Finally, Truist Financial cut their price target on shares of Vital Energy from $86.00 to $77.00 and set a "buy" rating on the stock in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Vital Energy currently has a consensus rating of "Hold" and a consensus target price of $58.90.

Vital Energy Stock Up 1.5 %

NYSE VTLE traded up $0.78 on Monday, hitting $54.57. 402,214 shares of the stock were exchanged, compared to its average volume of 756,938. Vital Energy has a fifty-two week low of $40.00 and a fifty-two week high of $62.87. The company has a 50-day moving average price of $50.87 and a 200-day moving average price of $47.92. 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 cap of $2.00 billion, a PE ratio of 1.66 and a beta of 3.24.

Vital Energy (NYSE:VTLE - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, topping 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 firm had revenue of $444.52 million during the quarter, compared to the consensus estimate of $440.85 million. During the same quarter in the previous year, the firm posted $3.49 earnings per share. The company's revenue was up 22.1% compared to the same quarter last year. Sell-side analysts anticipate that Vital Energy will post 9.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Vital Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ORG Partners LLC lifted its position in Vital Energy by 100.0% during the 4th quarter. ORG Partners LLC now owns 570 shares of the company's stock worth $26,000 after acquiring an additional 285 shares during the period. BluePath Capital Management LLC acquired a new stake in shares of Vital Energy during the third quarter worth $31,000. GAMMA Investing LLC purchased a new position in Vital Energy in the 4th quarter valued at $33,000. Quadrant Capital Group LLC increased its stake in shares of Vital Energy by 42.0% during the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company's stock worth $43,000 after acquiring an additional 277 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Vital Energy by 18.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,754 shares of the company's stock worth $97,000 after purchasing an additional 274 shares during the period. Hedge funds and other 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.