Streetbeat News

VTLE

Vital Energy, Inc.

https://vitalenergy.com

Industry

Oil & Gas Exploration & Production

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. Vital Energy, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

Open

20.00

Mkt cap

809M

Volume

1.4M

High

21.22

P/E Ratio

-4.48

52-wk high

58.30

Low

19.85

Div yield

N/A

52-wk low

19.85

Vital Energy (NYSE:VTLE) has been the subject of varying analyst opinions over the past three months, with 11 analysts offering ratings that range from bullish to bearish. The average 12-month price target for VTLE has decreased by 14.86% to $61.55, with a high estimate of $86.00 and a low of $48.00. Analysts have adjusted their ratings and price targets in response to market conditions and company performance, with some lowering their stance and price targets, while others have raised or announced new ratings. Vital Energy's financials show challenges in revenue growth, profitability, and debt management, with revenue declining by -6.16% over a three-month period and net margin and ROE below industry averages.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 4:00 pm

Piper Sandler analyst Mark Lear has maintained a Neutral rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $55 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:41 pm

Stifel analyst Derrick Whitfield has maintained a Buy rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $86 to $70. This adjustment reflects a change in valuation but still indicates a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:57 pm

Keybanc analyst Tim Rezvan has maintained an Overweight rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $58 to $55.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 4:18 pm

Vital Energy exceeded its Q4 production guidance with an average of 113.4 MBOE/d, surpassing the expected range of 101.8 - 105.8 MBOE/d. Oil production also topped guidance at 52.8 MBO/d against the forecasted 47.9 - 50.9 MBO/d. This performance boost was attributed to well outperformance in Howard and Upton counties, earlier transaction closings, and additional working interest acquisitions. Q4 capital expenditures were $190 million, aligning with the projected $175 - $190 million.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:15 am

Analysts have mixed views on Vital Energy (NYSE:VTLE), with recent ratings ranging from bullish to bearish. Over the last quarter, the total ratings included 4 bullish, 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish. The average 12-month price target is now $62.75, down from $76.75, indicating an 18.24% decrease. Analysts from firms like Raymond James, Truist Securities, and others have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Vital Energy, an independent energy company operating in the Permian Basin, has seen a -6.16% decline in revenue growth and has financial metrics below industry averages, including a net margin of 1.12% and an ROE of 0.29%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:00 pm

Raymond James analyst John Freeman has maintained an Outperform rating on Vital Energy (NYSE:VTLE) but reduced the price target from $67 to $53.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 5:48 pm

Vital Energy (NYSE:VTLE) has received 7 analyst ratings in the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $64.14, with a high of $86.00 and a low of $48.00, marking a 19.82% decrease from the previous average. Analysts from firms including Truist Securities, B of A Securities, Keybanc, Stifel, Citigroup, and Piper Sandler have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Vital Energy, an independent energy company operating in the Permian Basin, has seen a -6.16% decline in revenue growth and has financial metrics below industry benchmarks, including net margin, ROE, and ROA. The company also has a high debt-to-equity ratio of 1.15.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 4:01 pm

Truist Securities analyst Neal Dingmann has maintained a Buy rating on Vital Energy (NYSE:VTLE) and increased the price target from $70 to $72, as reported on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 3:14 pm

Vital Energy, Inc. (NYSE:VTLE) has acquired an additional working interest in 45 wells in the Permian Basin for $55 million, which is expected to increase its 2024 production by approximately 1,400 BOE/d and Free Cash Flow by about $20 million. The company plans to fund the acquisition by issuing common and preferred shares. VTLE's credit facility remains undrawn with $611 million in cash and cash equivalents. VTLE shares closed higher by 1.46% at $45.03.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 10:49 am

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