Piper Sandler lowered the firm’s price target on Vital Energy (VTLE) to $15 from $16 and keeps a Neutral rating on the shares following Q1 2025 results that came in stronger than consensus estimates driven by lower costs. The firm updates its type curves for leading edge well performance data that incorporates longer lateral development across the company’s Permian portfolio, and struggles to see half-cycle break-evens for the bulk of the portfolio much below $70/bbl WTI.
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Read More on VTLE:
- Vital Energy Reports Q1 2025 Financial Results
- Vital Energy: Strong Q1 2025 Performance Amid Uncertain Future Outlook, Hold Rating Maintained
- Vital Energy price target lowered to $16 from $23 at Piper Sandler
- Vital Energy price target lowered to $23 from $29 at Mizuho
- Vital Energy reports Q1 adjusted EPS $2.37, consensus $2.12