Stifel Nicolaus Increases Vital Energy (NYSE:VTLE) Price Target to $75.00

Vital Energy (NYSE:VTLE - Free Report) had its price objective upped by Stifel Nicolaus from $70.00 to $75.00 in a research report released on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other analysts have also issued reports on VTLE. Mizuho boosted their target price on shares of Vital Energy from $54.00 to $55.00 and gave the company a neutral rating in a research report on Monday, April 15th. Raymond James lifted their price target on shares of Vital Energy from $53.00 to $56.00 and gave the company an outperform rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a report on Thursday, April 11th. KeyCorp lifted their price target on shares of Vital Energy from $55.00 to $63.00 and gave the company an overweight rating in a report on Monday. Finally, Wells Fargo & Company lifted their price target on shares of Vital Energy from $51.00 to $57.00 and gave the company an equal weight rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $59.40.

Vital Energy Stock Up 1.5 %

NYSE:VTLE traded up $0.80 on Tuesday, reaching $55.37. 362,991 shares of the stock traded hands, compared to its average volume of 751,887. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 1.68 and a beta of 3.24. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.58. Vital Energy has a 12 month low of $40.00 and a 12 month high of $62.87. The company's fifty day simple moving average is $51.30 and its 200 day simple moving average is $48.03.

Vital Energy (NYSE:VTLE - Get Free Report) last announced its quarterly 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 analyst estimates of $440.85 million. During the same period in the previous year, the business posted $3.49 earnings per share. The business's revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that Vital Energy will post 9.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VTLE. First Eagle Investment Management LLC bought a new position in shares of Vital Energy in the fourth quarter worth about $7,306,000. Vanguard Group Inc. grew its holdings in shares of Vital Energy by 9.5% in the third quarter. Vanguard Group Inc. now owns 1,319,403 shares of the company's stock worth $73,121,000 after purchasing an additional 114,629 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Vital Energy by 27.5% in the third quarter. Invesco Ltd. now owns 516,299 shares of the company's stock worth $28,613,000 after purchasing an additional 111,320 shares during the last quarter. Smith Graham & Co. Investment Advisors LP purchased a new stake in Vital Energy in the third quarter worth about $6,165,000. Finally, Dimensional Fund Advisors LP lifted its stake in Vital Energy by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 801,129 shares of the company's stock worth $36,445,000 after acquiring an additional 71,166 shares during the period. Institutional investors 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.