Vine Energy Inc. Class A (NYSE:VEI) traded at a new 52-week high today of $18.35. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 245,000 shares.
Vine Energy Inc. Class A share prices have moved between a 52-week high of $18.35 and a 52-week low of $10.85 and are now trading 69% above that low price at $18.31 per share.
Vine Energy Inc. Class A (NYSE:VEI) defies analysts with a current price ($18.31) 74.0% above its average consensus price target of $4.75.
Vine Energy Inc is a pure play natural gas company. It is primarily focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The Haynesville and Mid-Bossier shales are among the highest quality, highest return dry gas resource plays in North America with approximately 489 trillion cubic feet of natural gas in place in the Haynesville play.
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