Vitesse Energy (NYSE:VTS) Cut to “Market Perform” at Northland Securities

Vitesse Energy (NYSE:VTS) was downgraded by Northland Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $19.00 price target on the stock. Northland Securities’ price target would indicate a potential downside of 14.76% from the company’s previous close.

VTS has been the topic of several other research reports. Roth Mkm upped their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 2nd. Alliance Global Partners started coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Evercore ISI reiterated an “in-line” rating and issued a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Vitesse Energy presently has an average rating of “Moderate Buy” and an average target price of $26.50.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $22.29 on Tuesday. Vitesse Energy has a 52 week low of $18.90 and a 52 week high of $28.41. The company has a market capitalization of $860.71 million, a price-to-earnings ratio of 15.27 and a beta of 0.67. The company has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $24.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Vitesse Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company’s stock worth $61,856,000 after acquiring an additional 60,476 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Vitesse Energy by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after buying an additional 125,988 shares during the last quarter. American Century Companies Inc. boosted its stake in Vitesse Energy by 14.8% in the first quarter. American Century Companies Inc. now owns 705,080 shares of the company’s stock valued at $17,338,000 after buying an additional 91,002 shares in the last quarter. GoodHaven Capital Management LLC grew its position in Vitesse Energy by 1.3% in the first quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company’s stock valued at $13,226,000 after acquiring an additional 6,986 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Vitesse Energy by 1.3% during the fourth quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company’s stock worth $10,495,000 after acquiring an additional 5,296 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Company Profile

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.