Wolfe Research analyst John Abbott upgraded Vital Energy (VTLE) to Peer Perform from Underperform. While still highly volatile, improving costs, lower debt, and less M&A improves Vital’s outlook while acknowledging M&A as a potential upside risk, the analyst tells investors in a research note. The firm added that a challenge for investors is Vital’s high beta to an oil price that has stabilized.
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Read More on VTLE:
- Vital Energy upgraded to Peer Perform from Underperform at Wolfe Research
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