Vine Energy (NYSE:VEI) Now Covered by Analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell


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Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Vine Energy (NYSE:VEI) in a research report released on Monday morning, Benzinga reports. The brokerage issued a buy rating and a $16.50 target price on the stock.

A number of other equities analysts also recently issued reports on VEI. Citigroup assumed coverage on shares of Vine Energy in a research note on Monday, April 12th. They issued a buy rating and a $16.50 price target for the company. Morgan Stanley assumed coverage on shares of Vine Energy in a research note on Monday. They issued an overweight rating and a $18.00 price target for the company. Bank of America assumed coverage on shares of Vine Energy in a research note on Monday. They issued a buy rating and a $21.00 price target for the company. Royal Bank of Canada started coverage on shares of Vine Energy in a research note on Monday, April 12th. They issued an outperform rating and a $17.00 price target for the company. Finally, Credit Suisse Group started coverage on shares of Vine Energy in a research note on Monday, April 12th. They set an outperform rating and a $15.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $17.63.

VEI stock opened at $11.43 on Monday. Vine Energy has a 1 year low of $10.85 and a 1 year high of $14.53.

In other news, major shareholder Blackstone Energy Partners Ii purchased 4,285,000 shares of the business’s stock in a transaction dated Monday, March 22nd. The shares were purchased at an average price of $13.30 per share, for a total transaction of $56,990,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vine Energy Company Profile

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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Analyst Recommendations for Vine Energy (NYSE:VEI)

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