Mizuho raised the firm’s price target on Vital Energy to $54 from $49 and keeps an Underperform rating on the shares ahead of the Q2 report. The company pre-reported volume and capex that indicate stronger capital efficiencies post the Permian deals, the analyst tells investors in a research note.
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Read More on VTLE:
- Vital Energy raises FY23 total production view to 82-86 MBOE/d from 76-80 MBOE/d
- Vital Energy Provides Select Preliminary Second-Quarter 2023 Results and Increases Full-Year 2023 Production Outlook
- Vital Energy says Q2 production averaged 89.5 MBOE/d
- Vital Energy price target lowered to $45 from $50 at Piper Sandler