Raymond James Increases Vital Energy (NYSE:VTLE) Price Target to $67.00

Vital Energy (NYSE:VTLE) had its target price lifted by investment analysts at Raymond James from $54.00 to $67.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 23.91% from the company’s current price.

Several other research firms have also recently commented on VTLE. Piper Sandler boosted their target price on Vital Energy from $39.00 to $61.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Stifel Nicolaus reissued a “buy” rating and set a $122.00 price objective on shares of Vital Energy in a research report on Thursday, September 14th. TheStreet upgraded shares of Vital Energy from a “c” rating to a “b-” rating in a research note on Tuesday, August 8th. Finally, Mizuho increased their price objective on shares of Vital Energy from $54.00 to $63.00 and gave the company an “underperform” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $78.25.

Vital Energy Trading Up 0.8 %

VTLE opened at $54.07 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.01. The firm has a market cap of $1.01 billion, a P/E ratio of 1.07 and a beta of 3.36. Vital Energy has a 52 week low of $39.74 and a 52 week high of $79.92. The business has a fifty day simple moving average of $54.64 and a 200-day simple moving average of $48.66.

Vital Energy (NYSE:VTLE) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.07 by $0.28. Vital Energy had a net margin of 57.79% and a return on equity of 24.29%. The firm had revenue of $335.06 million during the quarter, compared to analysts’ expectations of $345.19 million. During the same quarter in the previous year, the business posted $7.50 earnings per share. The business’s quarterly revenue was down 40.2% compared to the same quarter last year. On average, equities analysts expect that Vital Energy will post 17.93 earnings per share for the current year.

Institutional Trading of Vital Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in Vital Energy during the 2nd quarter worth $212,000. Louisiana State Employees Retirement System acquired a new stake in shares of Vital Energy during the second quarter worth about $442,000. Denali Advisors LLC purchased a new stake in shares of Vital Energy in the 2nd quarter valued at about $208,000. Exchange Traded Concepts LLC acquired a new stake in shares of Vital Energy in the 2nd quarter valued at about $393,000. Finally, MRP Capital Investments LLC purchased a new position in Vital Energy during the 2nd quarter worth approximately $322,000. Institutional investors and hedge funds own 86.59% 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.