Point Energy Partners II Completes $1.1 Billion Sale to Vital Energy
Vital Energy, Inc., par value $0.01 per share (VTLE)
Company Research
Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--Point Energy Partners II ("Point Energy") today announced the completion of its previously announced $1.1 billion all cash sale of its assets to Vital Energy, Inc. (NYSE: VTLE) ("Vital") and Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”). Point Energy is a portfolio company of Vortus Investments Advisors.Point Energy is proud to announce a significant milestone in its operational journey, having increased production from an initial 300 net barrels of oil equivalent per day (boepd) to over 40,000 net boepd over a span of six years. This impressive growth underscores Point Energy’s commitment to innovation and excellence in the oil and gas sector."This incredible achievement would not have been possible without our remarkable staff and team members who have all contributed to our success. Their dedication and expertise have been instrumental in driving our growth and innovation,” said Bryan Moody, CEO of Point Energy Partners. “We have enjoyed col
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News
- 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
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at Truist Financial Co. from $69.00 to $66.00. They now have a "buy" 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