Vitesse Energy (NYSE:VTS) Sets New 12-Month Low – Here’s What Happened

Vitesse Energy, Inc. (NYSE:VTS)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.84 and last traded at $18.97, with a volume of 111701 shares traded. The stock had previously closed at $19.33.

Analyst Ratings Changes

Several equities 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 research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Evercore ISI lowered their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy Trading Up 4.2%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $763.35 million, a P/E ratio of 39.48 and a beta of 0.64. The stock has a 50-day moving average of $20.61 and a two-hundred day moving average of $22.78.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, November 3rd. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.13). Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%.The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. On average, equities research analysts predict that Vitesse Energy, Inc. will post 1.05 earnings per share for the current year.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s dividend payout ratio is 450.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock valued at $29,000 after buying an additional 557 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Vitesse Energy in the 3rd quarter worth $34,000. Rakuten Investment Management Inc. purchased a new position in shares of Vitesse Energy in the third quarter worth $37,000. CWM LLC lifted its holdings in shares of Vitesse Energy by 138.8% during the second quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Vitesse Energy by 203.6% during the third quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock valued at $43,000 after buying an additional 1,187 shares during the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.