Vital Energy (NYSE:VTLE) Given New $68.00 Price Target at Raymond James

Vital Energy (NYSE:VTLE – Get Rating) had its price objective increased by Raymond James from $59.00 to $68.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

VTLE has been the subject of a number of other research reports. Stifel Nicolaus lowered their price objective on shares of Vital Energy from $133.00 to $108.00 and set a buy rating for the company in a research report on Thursday, April 13th. Mizuho increased their price target on Vital Energy from $49.00 to $53.00 and gave the company an underperform rating in a research report on Tuesday, April 11th. Finally, Piper Sandler reduced their target price on Vital Energy from $61.00 to $57.00 and set a neutral rating for the company in a report on Wednesday, April 19th.

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Vital Energy Trading Up 4.4 %

NYSE:VTLE opened at $48.86 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.59 and a quick ratio of 0.59. Vital Energy has a twelve month low of $39.74 and a twelve month high of $120.86. The stock has a market cap of $908.80 million, a P/E ratio of 1.31 and a beta of 3.34. The company’s 50-day simple moving average is $48.77.

Vital Energy (NYSE:VTLE – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The company reported $3.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.80). The company had revenue of $364.13 million for the quarter, compared to analysts’ expectations of $334.20 million. Vital Energy had a net margin of 32.88% and a return on equity of 45.16%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.39 earnings per share. On average, equities research analysts predict that Vital Energy will post 21.21 earnings per share for the current year.

Insider Transactions at Vital Energy

In other news, CEO M. Jason Pigott sold 3,750 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $55.31, for a total value of $207,412.50. Following the completion of the sale, the chief executive officer now directly owns 95,657 shares of the company’s stock, valued at approximately $5,290,788.67. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Vital Energy Company Profile

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Vital Energy, Inc engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.

Further Reading

• Get a free copy of the StockNews.com research report on Vital Energy (VTLE)
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