Vitesse Energy’s (VTS) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of Vitesse Energy (NYSE:VTS) in a research report released on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on VTS. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Evercore ISI decreased their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.50.

Vitesse Energy Stock Down 3.2%

Shares of VTS opened at $22.06 on Wednesday. The firm has a market capitalization of $851.74 million, a P/E ratio of 20.81 and a beta of 0.61. The company has a 50-day simple moving average of $24.79 and a 200-day simple moving average of $23.24. Vitesse Energy has a 52 week low of $18.90 and a 52 week high of $28.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results 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. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The firm had revenue of $81.76 million during the quarter, compared to analyst estimates of $69.78 million. On average, equities research analysts expect that Vitesse Energy will post 1.05 earnings per share for the current year.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, September 15th. Vitesse Energy’s dividend payout ratio is 212.26%.

Institutional Trading of Vitesse Energy

Hedge funds have recently modified their holdings of the stock. SouthState Corp bought a new stake in shares of Vitesse Energy during the first quarter valued at approximately $25,000. Parallel Advisors LLC grew its stake 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 purchasing an additional 557 shares during the last quarter. CWM LLC grew its stake 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 during the last quarter. Signaturefd LLC grew its stake in shares of Vitesse Energy by 415.7% during the second quarter. Signaturefd LLC now owns 2,393 shares of the company’s stock valued at $53,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Vitesse Energy during the first quarter valued at approximately $54,000. 51.63% of the stock is owned by institutional investors.

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.