BofA analyst Noah Hungness reinstated coverage of Vital Energy with an Underperform rating and $46 price target. The company faces “significant near-term hurdles” as its outsized exposure to higher breakeven wells brings declining inventory quality, the analyst tells investors in a research note. Meanwhile, the firm says further transformative acquisitions are unlikely to emerge for Vital given its size.
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Read More on VTLE:
- Vital Energy Advances Governance and Enhances Shareholder Value
- Vital Energy Announces Conversion of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock
- Vital Energy management to meet with KeyBanc
- Vital Energy price target raised to $59 from $55 at Mizuho
- Vital Energy reports Q1 EPS $1.84, consensus $1.97
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