Vital Energy Announces Conversion of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock
Vital Energy, Inc., par value $0.01 per share (VTLE)
Company Research
Source: GlobeNewswire
TULSA, OK, May 28, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today announced its intention to mandatorily convert all outstanding shares of its 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock"), into shares of the Company’s common stock, par value $0.01 per share, on June 4, 2024 pursuant to the terms of the Certificate of Designations of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock. Holders of Series A Preferred Stock do not need to take any action. As of May 28, 2024, the Company had 1,575,376 shares of Series A Preferred Stock outstanding. On June 4, 2024, each outstanding share of Series A Preferred Stock will automatically convert into one (1) share of common stock. The number of shares of common stock issuable on conversion was determined as set forth in the Certificate of Designations. Upon conversion, the Series A Preferred Stock w
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News
- Point Energy Partners II Completes $1.1 Billion Sale to Vital EnergyBusiness Wire
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at Mizuho from $55.00 to $42.00. They now have a "neutral" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at JPMorgan Chase & Co. from $45.00 to $31.00. They now have an "underweight" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) was downgraded by analysts at KeyCorp from an "overweight" rating to a "sector weight" rating.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at Piper Sandler from $52.00 to $38.00. They now have a "neutral" rating on the stock.MarketBeat
VTLE
Earnings
- 8/7/24 - Miss
VTLE
Sec Filings
- 9/23/24 - Form 8-K
- 9/17/24 - Form 8-K
- 9/5/24 - Form SC
- VTLE's page on the SEC website