BofA lowered the firm’s price target on Vital Energy (VTLE) to $30 from $39 and keeps an Underperform rating on the shares ahead of the company’s Q3 report due after market close on November 6. Marking to market its price deck, Q3 EPS falls from $1.56 to $1.21 as natural gas prices had “another weak quarter,” the analyst tells investors in a preview.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VTLE:
- Vital Energy price target lowered to $37 from $38 at Piper Sandler
- Vital Energy price target lowered to $39 from $42 at Mizuho
- Vital Energy Q3 Results and Conference Call Invitation
- Vital Energy price target lowered to $40 from $48 at BMO Capital
- Vital Energy price target lowered to $29 from $41 at Wells Fargo