Vitesse Energy, Inc. (NYSE:VTS) Stock Has Average Price Target of $20.25

Vitesse Energy, Inc. (NYSE:VTS) has been assigned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.25.

Several analysts recently weighed in on the stock. Northland Securities set a $20.50 target price on shares of Vitesse Energy in a report on Thursday, September 17th. Zacks Research cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Vitesse Energy in a research report on Monday, August 3rd. Citigroup restated an “outperform” rating on shares of Vitesse Energy in a report on Thursday, September 17th. Finally, Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th.

Vitesse Energy Stock Performance

Shares of VTS opened at $16.71 on Wednesday. Vitesse Energy has a 1 year low of $15.00 and a 1 year high of $23.80. The stock has a market capitalization of $703.32 million, a PE ratio of -50.62 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day simple moving average of $16.81 and a 200-day simple moving average of $17.29.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.4375 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a yield of 10.5%. Vitesse Energy’s dividend payout ratio (DPR) is currently -530.30%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. increased its stake in Vitesse Energy by 13.0% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,438,529 shares of the company’s stock valued at $27,706,000 after purchasing an additional 165,534 shares during the last quarter. Lee Danner & Bass Inc. increased its position in Vitesse Energy by 48.4% during the first quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company’s stock worth $6,292,000 after buying an additional 113,000 shares during the period. First Trust Advisors LP increased 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 buying an additional 85,637 shares during the period. Gabelli Funds LLC lifted its stake in Vitesse Energy by 58.6% in the first quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock valued at $4,990,000 after buying an additional 101,506 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. boosted its holdings in shares of Vitesse Energy by 4.9% in the second quarter. Mraz Amerine & Associates Inc. now owns 162,206 shares of the company’s stock valued at $2,558,000 after acquiring an additional 7,601 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

Vitesse Energy, Inc (NYSE:VTS) is an independent energy company that invests in non-operated working interests and mineral and royalty interests in oil and natural gas properties. Rather than drilling and operating wells itself, the company partners with third-party exploration and production companies, allowing it to participate in production while relying on those operators to manage development and day-to-day operations.

The company’s portfolio is focused primarily on U.S. onshore oil and natural gas assets, including properties in regions such as the Bakken and Three Forks formations in North Dakota and other established producing basins.