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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VTLE:
- Vital Energy Closes Second Transaction to Acquire Additional Working Interests Related to Recent Permian Basin Acquisition
- Granite Ridge Resources reports Q4 total prouction 26K BOEPD
- Short Report: Bears question bounce in department stores, apparel stocks
- Vital Energy price target lowered to $50 from $55 at Piper Sandler
- Vital Energy price target lowered to $55 from $58 at KeyBanc
