Piper Sandler lowered the firm’s price target on Vital Energy (VTLE) to $27 from $35 and keeps a Neutral rating on the shares. The firm is updating its thoughts on the U.S. upstream landscape heading into what is shaping up as a tricky investment environment in FY25. Piper has updated its estimates for its revised oil outlook, looking at free cash flow/EV sensitivities at various oil and gas price scenarios, and rolled out FY26 comps and updated projections of oil and gas prices discounted in its coverage.
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Read More on VTLE:
- Vital Energy price target lowered to $37 from $39 at Mizuho
- Vital Energy Updates Executive Compensation Plans
- Vital Energy Releases Investor Presentation on Strategies
- Vital Energy price target raised to $30 from $29 at JPMorgan
- Vital Energy price target raised to $35 from $29 at Wells Fargo
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
