Vital Energy (NYSE:VTLE) PT Lowered to $52.00 at Piper Sandler

Vital Energy (NYSE:VTLE) had its price objective cut by stock analysts at Piper Sandler from $54.00 to $52.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential downside of 3.63% from the stock’s previous close.

Several other analysts also recently commented on VTLE. Raymond James raised their target price on Vital Energy from $53.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Stifel Nicolaus reduced their target price on Vital Energy from $86.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Truist Financial dropped 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. Wells Fargo & Company raised 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 report on Thursday. 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. Two equities 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.10.

Vital Energy Stock Up 1.3 %

Shares of VTLE traded up $0.70 during trading hours on Friday, hitting $53.96. The stock had a trading volume of 277,016 shares, compared to its average volume of 756,022. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a 50 day simple moving average of $50.66 and a 200-day simple moving average of $47.92. The firm has a market capitalization of $1.98 billion, a P/E ratio of 1.65 and a beta of 3.24. Vital Energy has a 1-year low of $40.00 and a 1-year high of $62.87.

Vital Energy (NYSE:VTLE) last issued its earnings results on Wednesday, February 21st. The company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.44 by $0.11. The company had revenue of $444.52 million during the quarter, compared to the consensus estimate of $440.85 million. Vital Energy had a return on equity of 17.60% and a net margin of 44.91%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $3.49 EPS. Sell-side analysts predict that Vital Energy will post 9.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Vital Energy

Large investors have recently modified their holdings of the stock. Swiss National Bank purchased a new position in Vital Energy in the 2nd quarter valued at approximately $1,648,000. Charles Schwab Investment Management Inc. purchased a new position in Vital Energy in the 2nd quarter valued at approximately $8,678,000. Great West Life Assurance Co. Can purchased a new position in Vital Energy in the 2nd quarter valued at approximately $697,000. Osaic Holdings Inc. purchased a new position in Vital Energy in the 2nd quarter valued at approximately $258,000. Finally, MetLife Investment Management LLC purchased a new position in Vital Energy in the 2nd quarter valued at approximately $402,000. Hedge funds and other 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.