Vital Energy (NYSE:VTLE) PT Lowered to $77.00 at Truist Financial

Vital Energy (NYSE:VTLE - Get Free Report) had its price objective reduced by analysts at Truist Financial from $86.00 to $77.00 in a report issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 35.61% from the company's current price.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus lowered their price objective 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. Mizuho lifted 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 Wednesday, March 20th. Piper Sandler lifted 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. Raymond James lifted their price objective 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. Finally, KeyCorp dropped their price target on shares of Vital Energy from $58.00 to $55.00 and set an "overweight" rating on the stock in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $58.22.

Vital Energy Stock Up 3.8 %

VTLE traded up $2.07 during trading on Friday, reaching $56.78. The company had a trading volume of 918,068 shares, compared to its average volume of 760,509. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. Vital Energy has a 12 month low of $40.00 and a 12 month high of $62.87. The business's fifty day moving average price is $48.44 and its 200 day moving average price is $47.79. The company has a market cap of $2.08 billion, a P/E ratio of 1.73 and a beta of 3.24.

Vital Energy (NYSE:VTLE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) 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 company 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 company earned $3.49 earnings per share. The firm's revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Vital Energy will post 9.62 EPS for the current year.

Hedge Funds Weigh In On Vital Energy

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 297 shares during the period. HighPoint Advisor Group LLC bought a new position in shares of Vital Energy in the fourth quarter valued at about $641,000. Quadrature Capital Ltd bought a new position in shares of Vital Energy in the fourth quarter valued at about $265,000. Vanguard Group Inc. raised its position in shares of Vital Energy by 37.7% in the fourth quarter. Vanguard Group Inc. now owns 1,816,743 shares of the company's stock valued at $82,644,000 after purchasing an additional 497,340 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Vital Energy by 56.9% in the fourth quarter. Fisher Asset Management LLC now owns 52,852 shares of the company's stock valued at $2,404,000 after purchasing an additional 19,165 shares during the period. 86.54% of the stock is owned by institutional investors.

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.