Mizuho Boosts Vital Energy (NYSE:VTLE) Price Target to $55.00

Vital Energy (NYSE:VTLE) had its price objective boosted by Mizuho from $54.00 to $55.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

VTLE has been the subject of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of Vital Energy from $48.00 to $51.00 and gave the company an underweight rating in a research report on Thursday, April 11th. 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 report on Friday, April 5th. Piper Sandler upped their price target on shares of Vital Energy from $50.00 to $54.00 and gave the company a neutral rating in a research report on Thursday, March 7th. 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 research report on Tuesday, January 23rd. Finally, Raymond James increased their price objective on shares of Vital Energy from $53.00 to $56.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Two research analysts have 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 has an average rating of Hold and a consensus target price of $58.30.

Vital Energy Price Performance

Shares of NYSE VTLE opened at $53.26 on Monday. The business’s 50 day moving average price is $50.66 and its two-hundred day moving average price is $47.92. The company has a market cap of $1.95 billion, a PE ratio of 1.62 and a beta of 3.24. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.58. Vital Energy has a twelve month low of $40.00 and a twelve month high of $62.87.

Vital Energy (NYSE:VTLE) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.11. The company had revenue of $444.52 million during the quarter, compared to analysts’ expectations of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.49 earnings per share. On average, analysts predict that Vital Energy will post 9.45 EPS for the current year.

Institutional Investors Weigh In On Vital Energy

Several large investors have recently modified their holdings of the stock. BluePath Capital Management LLC bought a new position in Vital Energy in the 3rd quarter worth approximately $31,000. ORG Partners LLC raised its position in Vital Energy by 100.0% in the 4th quarter. ORG Partners LLC now owns 570 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. GAMMA Investing LLC purchased a new position in Vital Energy in the 4th quarter worth $33,000. Quadrant Capital Group LLC increased its position in shares of Vital Energy by 42.0% in the fourth quarter. Quadrant Capital Group LLC now owns 937 shares of the company’s stock valued at $43,000 after acquiring an additional 277 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Vital Energy in the second quarter valued at about $58,000. 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.