Vine Energy (NYSE:VEI) Research Coverage Started at Credit Suisse Group


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Equities researchers at Credit Suisse Group initiated coverage on shares of Vine Energy (NYSE:VEI) in a report released on Monday, Benzinga reports. The brokerage set an “outperform” rating and a $15.00 price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 34.65% from the company’s current price.

VEI has been the subject of a number of other reports. Barclays started coverage on shares of Vine Energy in a report on Monday. They set an “equal weight” rating and a $14.00 price target for the company. Royal Bank of Canada started coverage on shares of Vine Energy in a research report on Monday, April 12th. They issued an “outperform” rating and a $17.00 target price on the stock. Citigroup started coverage on shares of Vine Energy in a research report on Monday, April 12th. They issued a “buy” rating and a $16.50 target price on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Vine Energy in a research report on Monday. They issued a “buy” rating and a $16.50 target price on the stock. Finally, Bank of America started coverage on shares of Vine Energy in a research report on Monday. They issued a “buy” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.63.

Shares of NYSE VEI opened at $11.14 on Monday. Vine Energy has a 12 month low of $10.85 and a 12 month high of $14.53.

In other Vine Energy news, major shareholder Blackstone Energy Partners Ii purchased 4,285,000 shares of Vine Energy stock in a transaction on Monday, March 22nd. The shares were purchased at an average cost of $13.30 per share, with a total value of $56,990,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

About Vine Energy

Vine Energy Inc, an energy company, focuses on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The company was founded in 2014 and is based in Plano, Texas.

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