Vital Energy Announces Early Results and Increase of its Cash Tender Offers for its Senior Notes due 2028 and Senior Notes due 2030; Planned Redemption of Senior Notes due 2028
Vital Energy, Inc., par value $0.01 per share (VTLE)
Company Research
Source: GlobeNewswire
TULSA, OK, March 28, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the early results of its previously announced cash tender offers (the “Tender Offers”) to purchase for cash up to $550.0 million aggregate principal amount (as such aggregate principal amount may be increased or decreased by the Company, the “Aggregate Maximum Tender Amount”) of (i) up to $475.0 million (the “2028 Cap”) of its 10.125% senior notes due 2028 (the “2028 Notes”) and (ii) up to $75.0 million (the “2030 Cap” and, together with the 2028 Cap, the “Series Caps”) of its 9.750% senior notes due 2030 (the “2030 Notes” and, together with the 2028 Notes, the “Tender Notes”), subject to the terms and conditions set forth in the Offer to Purchase, dated March 14, 2024 (as amended, the “Offer to Purchase”). In addition, the Company announced that it has amended the Tender Offers to remove the 2028 Cap and the Aggregate Maximum Tender
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News
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Stifel Nicolaus from $70.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at KeyCorp from $55.00 to $63.00. They now have an "overweight" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at Piper Sandler from $54.00 to $52.00. They now have a "neutral" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Wells Fargo & Company from $51.00 to $57.00. They now have an "equal weight" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Mizuho from $54.00 to $55.00. They now have a "neutral" rating on the stock.MarketBeat
VTLE
Earnings
- 2/21/24 - Beat
VTLE
Sec Filings
- 4/15/24 - Form 8-K
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- VTLE's page on the SEC website