In a report released today, Tim Rezvan from KeyBanc maintained a Buy rating on Vital Energy (VTLE – Research Report), with a price target of $63.00. The company’s shares closed yesterday at $48.38.
Rezvan covers the Energy sector, focusing on stocks such as Vital Energy, Matador Resources, and Murphy Oil. According to TipRanks, Rezvan has an average return of -7.3% and a 44.10% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Vital Energy with a $63.00 average price target, representing a 30.22% upside. In a report released on May 10, Truist Financial also maintained a Buy rating on the stock with a $75.00 price target.
Based on Vital Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.5 million and a GAAP net loss of $7.55 million. In comparison, last year the company earned a revenue of $3.97 million and had a GAAP net loss of $6.84 million
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Vital Energy (VTLE) Company Description:
Laredo Petroleum, 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.
