Vitesse Energy, Inc. (NYSE:VTS – Get Free Report) has been given a consensus recommendation of “Hold” by the five research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $20.50.
Several research analysts have recently issued reports on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Zacks Research raised shares of Vitesse Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Citigroup restated an “outperform” rating on shares of Vitesse Energy in a report on Thursday, September 17th. Weiss Ratings cut shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Northland Securities set a $20.50 price objective on shares of Vitesse Energy in a research note on Thursday, September 17th.
Read Our Latest Stock Analysis on Vitesse Energy
Vitesse Energy Price Performance
Vitesse Energy stock opened at $15.24 on Thursday. The business’s 50-day simple moving average is $17.24 and its 200 day simple moving average is $17.82. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.33. The stock has a market cap of $641.98 million, a price-to-earnings ratio of -13.14 and a beta of 0.56. Vitesse Energy has a 12-month low of $14.40 and a 12-month high of $22.91.
Vitesse Energy (NYSE:VTS – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Vitesse Energy had a positive return on equity of 0.27% and a negative net margin of 15.43%. The firm had revenue of $82.95 million for the quarter, compared to the consensus estimate of $76.97 million. As a group, research analysts anticipate that Vitesse Energy will post -1.96 earnings per share for the current year.
Vitesse Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.75 dividend on an annualized basis and a yield of 11.5%. Vitesse Energy’s dividend payout ratio is -150.86%.
Hedge Funds Weigh In On Vitesse Energy
Hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its stake in shares of Vitesse Energy by 58.6% during the 1st quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock worth $4,990,000 after acquiring an additional 101,506 shares during the period. Russell Investments Group Ltd. raised its holdings in Vitesse Energy by 479.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 121,755 shares of the company’s stock valued at $2,033,000 after acquiring an additional 100,747 shares during the period. Bank of America Corp DE lifted its position in Vitesse Energy by 162.3% during the first quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock worth $2,547,000 after acquiring an additional 86,777 shares during the last quarter. First Trust Advisors LP lifted its position in Vitesse Energy by 33.9% during the first quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock worth $6,136,000 after acquiring an additional 85,637 shares during the last quarter. Finally, Norris Financial Group LLC bought a new stake in shares of Vitesse Energy during the first quarter worth approximately $1,394,000. 51.63% of the stock is owned by institutional investors.
About Vitesse Energy
Vitesse Energy, Inc. is an independent oil and natural gas company that owns non-operated interests in producing properties and development opportunities. Rather than directly operating most wells, the company invests alongside third-party operators. Its assets are concentrated in the Williston Basin, particularly the Bakken and Three Forks formations in North Dakota and Montana. Production from these properties includes crude oil, natural gas and natural gas liquids. Vitesse became a publicly traded company in 2023 through a business combination with Vitesse Energy Acquisition Corp. Its non-operated model allows it to participate in drilling and production activities conducted by operators across its core region.
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