Vitesse Energy, Inc. (NYSE:VTS) Receives $24.50 Consensus PT from Brokerages

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.50.

Several analysts have weighed in on the company. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Evercore ISI lowered their target price on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Finally, Zacks Research cut Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

Insider Buying and Selling at Vitesse Energy

In other news, CEO Robert W. Gerrity sold 36,785 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $19.66, for a total transaction of $723,193.10. Following the sale, the chief executive officer directly owned 371,991 shares of the company’s stock, valued at $7,313,343.06. The trade was a 9.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Brian Cree sold 1,440 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $19.69, for a total value of $28,353.60. Following the sale, the president owned 464,225 shares of the company’s stock, valued at $9,140,590.25. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 341,808 shares of company stock valued at $6,758,540. 18.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in shares of Vitesse Energy during the 3rd quarter valued at $34,000. Rakuten Investment Management Inc. purchased a new stake in shares of Vitesse Energy during the 3rd quarter worth about $37,000. Jones Financial Companies Lllp raised its stake in shares of Vitesse Energy by 203.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock worth $43,000 after purchasing an additional 1,187 shares in the last quarter. CWM LLC lifted its holdings in shares of Vitesse Energy by 138.8% during the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after buying an additional 1,062 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Vitesse Energy in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 2.0%

NYSE:VTS opened at $20.72 on Tuesday. Vitesse Energy has a 52 week low of $18.84 and a 52 week high of $27.17. The firm has a market capitalization of $801.32 million, a PE ratio of 41.44 and a beta of 0.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $20.21 and a 200-day moving average of $22.45.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13). Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Analysts predict that Vitesse Energy will post 1.05 EPS for the current year.

About Vitesse Energy

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.