Vitesse Energy (NYSE:VTS) Sets New 52-Week Low – Should You Sell?

Shares of Vitesse Energy, Inc. (NYSE:VTS) hit a new 52-week low on Wednesday. The company traded as low as $15.00 and last traded at $15.06, with a volume of 133,302 shares trading hands. The stock had previously closed at $15.45.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VTS shares. Weiss Ratings cut shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Alliance Global Partners reissued a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Zacks Research raised shares of Vitesse Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.

Vitesse Energy Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.65 and a quick ratio of 1.06. The stock has a market cap of $626.50 million, a price-to-earnings ratio of -12.82 and a beta of 0.56. The firm has a fifty day moving average of $17.44 and a 200 day moving average of $17.92.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Vitesse Energy had a positive return on equity of 0.27% and a negative net margin of 15.43%. The company had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $76.97 million. As a group, sell-side analysts forecast that Vitesse Energy, Inc. will post -1.11 EPS for the current year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.75 annualized dividend and a dividend yield of 11.8%. Vitesse Energy’s payout ratio is presently -150.86%.

Institutional Investors Weigh In On Vitesse Energy

A number of hedge funds have recently modified their holdings of VTS. Farther Finance Advisors LLC raised its holdings in Vitesse Energy by 458.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company’s stock valued at $31,000 after buying an additional 1,541 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Vitesse Energy in the second quarter valued at about $30,000. Versant Capital Management Inc lifted its position in Vitesse Energy by 3,545.7% in the third quarter. Versant Capital Management Inc now owns 2,552 shares of the company’s stock valued at $43,000 after buying an additional 2,482 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Vitesse Energy by 359.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after buying an additional 2,307 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Vitesse Energy by 150.3% during the third quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock worth $56,000 after buying an additional 2,002 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

About Vitesse Energy

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.