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.
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 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