Vitesse Energy, Inc. (NYSE:VTS – Get Free Report) shares traded up 4.7% on Friday. The stock traded as high as $18.09 and last traded at $18.23. 200,321 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 506,567 shares. The stock had previously closed at $17.41.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on VTS shares. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Northland Securities set a $20.50 price target on shares of Vitesse Energy in a research note on Thursday, September 17th. Zacks Research upgraded shares of Vitesse Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Citigroup reaffirmed an “outperform” rating on shares of Vitesse Energy in a report on Thursday, September 17th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.
View Our Latest Report on Vitesse Energy
Vitesse Energy Price Performance
The firm has a market capitalization of $766.71 million, a PE ratio of -55.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average is $17.19 and its two-hundred day moving average is $17.11.
Vitesse Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Vitesse Energy’s payout ratio is -530.30%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. boosted its holdings in shares of Vitesse Energy by 48.4% during the 1st quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company’s stock valued at $6,292,000 after buying an additional 113,000 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Vitesse Energy by 58.6% during the first quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock valued at $4,990,000 after purchasing an additional 101,506 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Vitesse Energy by 230.9% during the first quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock valued at $2,453,000 after purchasing an additional 94,244 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Vitesse Energy by 162.3% in the 1st quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock worth $2,547,000 after purchasing an additional 86,777 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Vitesse Energy by 33.9% in the 1st quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock worth $6,136,000 after purchasing an additional 85,637 shares in the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.
Vitesse Energy Company Profile
Vitesse Energy, Inc is an oil and gas company that owns non-operated working interests and mineral interests in wells drilled and operated by other exploration and production companies. Rather than managing drilling operations directly, Vitesse provides capital to acquire interests in producing and development-stage properties while relying on its operating partners to handle drilling, completion, production and field operations.
The company’s portfolio is focused primarily on U.S. oil-producing regions, including the Williston Basin and other major onshore basins.
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