Evercore ISI Has Lowered Expectations for Vitesse Energy (NYSE:VTS) Stock Price

Vitesse Energy (NYSE:VTS) had its target price decreased by analysts at Evercore ISI from $22.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s target price would indicate a potential downside of 15.03% from the company’s previous close.

VTS has been the topic of several other reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Vitesse Energy in a report on Saturday, September 27th. Zacks Research upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Vitesse Energy Price Performance

Shares of VTS stock opened at $23.54 on Monday. Vitesse Energy has a twelve month low of $18.90 and a twelve month high of $28.41. The stock has a market cap of $908.93 million, a price-to-earnings ratio of 22.18 and a beta of 0.61. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average is $24.91 and its 200 day moving average is $23.27.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.50. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The company had revenue of $81.76 million during the quarter, compared to analysts’ expectations of $69.78 million. Research analysts expect that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Institutional Trading of Vitesse Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SouthState Corp purchased a new position in shares of Vitesse Energy during the first quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Vitesse Energy by 74.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after purchasing an additional 557 shares during the last quarter. CWM LLC raised its holdings in 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 period. Signaturefd LLC raised its holdings in Vitesse Energy by 415.7% during the 2nd quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock valued at $53,000 after buying an additional 1,929 shares during the period. Finally, Strs Ohio purchased a new stake in Vitesse Energy during the 1st quarter valued at $54,000. 51.63% of the stock is currently owned by institutional investors.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.