KeyBanc analyst Tim Rezvan raised the firm’s price target on Vital Energy to $63 from $55 and keeps an Overweight rating on the shares ahead of quarterly results. The firm raised its oil price forecast to reflect a heightened geopolitical risk premium, flattening U.S. production, and declining U.S. refined product inventories. It further trimmed its natural gas price outlook to reflect strong production, bloated inventories, and debottlenecking in the second half of 2024.
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 $52 from $54 at Piper Sandler
- Vital Energy price target raised to $57 from $51 at Wells Fargo
- Vital Energy Q1 Performance and Outlook Conference Call
- Vital Energy price target raised to $55 from $54 at Mizuho
- Vital Energy Schedules First-Quarter 2024 Earnings Release and Conference Call