Bernstein on Thursday decreased the price target for petrochemicals manufacturer Saudi Basic Industries (SASE:2010), d/b/a Sabic, to 60.61 Saudi riyals from 67.80 riyals and reiterated its market perform rating.
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Equities
Vermilion Energy Renews Share Buyback Program
Vermilion Energy (VET) said late Wednesday it received approval from the Toronto Stock Exchange to renew its share buyback program of up to 15.2 million common shares, starting July 12.The company expects to return 40% of excess free cash flow to shareholders in 2026, according to a statement.
$VET
Equities
US Total Weekly EIA Crude Oil Stocks Fall by 3.2 Million Barrels After Prior 9.3 Million Decrease
Equities
JPMorgan Adjusts Devon Energy Price Target to $55 From $62
Devon Energy (DVN) has an average rating of buy and mean price target of $60.92, according to analysts polled by FactSet.
$DVN