Vitesse Energy, Inc. (NYSE:VTS) Given Consensus Recommendation of “Hold” by Analysts

Vitesse Energy, Inc. (NYSE:VTS) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $24.50.

A number of equities research analysts recently issued reports on VTS shares. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Evercore ISI decreased their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vitesse Energy in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Vitesse Energy

Large investors have recently bought and sold shares of the business. Sprinkle Financial Consultants LLC bought a new stake in Vitesse Energy during the second quarter valued at about $281,000. Northwestern Mutual Wealth Management Co. bought a new stake in Vitesse Energy during the first quarter valued at about $98,000. Principal Financial Group Inc. boosted its holdings in Vitesse Energy by 5.4% during the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company’s stock valued at $228,000 after acquiring an additional 476 shares during the period. GAMMA Investing LLC boosted its holdings in Vitesse Energy by 2,023.8% during the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock valued at $149,000 after acquiring an additional 5,788 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Vitesse Energy by 9.6% during the first quarter. Russell Investments Group Ltd. now owns 99,591 shares of the company’s stock valued at $2,449,000 after acquiring an additional 8,738 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $21.94 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. Vitesse Energy has a 1 year low of $18.90 and a 1 year high of $28.41. The business has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $23.13. The firm has a market cap of $847.19 million, a price-to-earnings ratio of 20.70 and a beta of 0.61.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.50. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%.The business had revenue of $81.76 million during the quarter, compared to analyst estimates of $69.78 million. As a group, sell-side analysts predict that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.5625 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.25 dividend on an annualized basis and a yield of 10.3%. Vitesse Energy’s dividend payout ratio is currently 212.26%.

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.