Truist analyst Neal Dingmann raised the firm’s price target on Vital Energy to $86 from $81 and keeps a Buy rating on the shares. The company announced an additional working interest acquisition in 54 wells associated with the recent Henry Resources acquisition, and not only is the deal’s purchase price discounted vs. recent deals, but the working interest additions are among the most attractive deals given the minimal incremental costs, the analyst tells investors in a research note.
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