Vitesse Energy (VTS) Expected to Announce Earnings on Tuesday

Vitesse Energy (NYSE:VTS) is expected to be posting its quarterly earnings results after the market closes on Tuesday, March 11th. Analysts expect Vitesse Energy to post earnings of $0.26 per share and revenue of $58.90 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Vitesse Energy Stock Down 4.5 %

Shares of NYSE VTS opened at $24.56 on Tuesday. The company has a 50 day simple moving average of $26.14 and a 200-day simple moving average of $25.86. The company has a market capitalization of $725.66 million, a P/E ratio of 16.82 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy has a 1 year low of $21.83 and a 1 year high of $28.41.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Northland Securities lifted their target price on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Finally, Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the completion of the transaction, the vice president now owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by corporate insiders.

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.