Wells Fargo Sticks to Its Hold Rating for Vital Energy (VTLE)
In a report released yesterday, Hanwen Chang from Wells Fargo maintained a Hold rating on Vital Energy, with a price target of $16.00. The company’s shares closed yesterday at $15.86.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chang covers the Energy sector, focusing on stocks such as Chord Energy, Murphy Oil, and Matador Resources. According to TipRanks, Chang has an average return of -6.8% and a 27.16% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Vital Energy with a $16.89 average price target.
Based on Vital Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $429.63 million and a GAAP net loss of $582.57 million. In comparison, last year the company earned a revenue of $476.37 million and had a net profit of $36.7 million
Read More on VTLE:
Disclaimer & DisclosureReport an Issue
- Vital Energy price target lowered to $19 from $22 at Mizuho
- Marvell downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls
- Vital Energy downgraded to Hold from Buy at Texas Capital
- Crescent Energy price target raised to $17 from $14 at Raymond James
- Vital Energy moved to No Rating at BofA after Crescent Energy deal
