Vitesse Energy, Inc. (NYSE:VTS) Receives $24.50 Consensus PT from Analysts

Shares of Vitesse Energy, Inc. (NYSE:VTS) have been given a consensus rating of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.50.

Several equities research analysts have recently issued reports on VTS shares. 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 research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vitesse Energy in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Security National Bank raised its holdings in shares of Vitesse Energy by 2.2% in the third quarter. Security National Bank now owns 83,927 shares of the company’s stock valued at $1,950,000 after buying an additional 1,813 shares during the last quarter. Ethic Inc. raised its holdings in shares of Vitesse Energy by 8.1% in the third quarter. Ethic Inc. now owns 58,498 shares of the company’s stock valued at $1,359,000 after buying an additional 4,378 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Vitesse Energy by 43.5% in the second quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock valued at $78,000 after buying an additional 1,069 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Vitesse Energy by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock valued at $84,000 after buying an additional 2,432 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in shares of Vitesse Energy by 61.9% in the second quarter. Rafferty Asset Management LLC now owns 25,875 shares of the company’s stock valued at $572,000 after buying an additional 9,896 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $21.62 on Friday. The stock has a market cap of $834.59 million, a P/E ratio of 20.39 and a beta of 0.61. The company has a fifty day simple moving average of $24.40 and a 200-day simple moving average of $23.13. Vitesse Energy has a 12-month low of $18.90 and a 12-month high of $28.41. 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 (NYSE:VTS) last released 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. The business had revenue of $81.76 million during the quarter, compared to analysts’ expectations of $69.78 million. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. Equities analysts expect that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.5625 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.25 dividend on an annualized basis and a yield of 10.4%. Vitesse Energy’s payout ratio is 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.