Vitesse Energy (NYSE:VTS) Price Target Cut to $20.00 by Analysts at Evercore ISI

Vitesse Energy (NYSE:VTS) had its price objective decreased by Evercore ISI from $22.00 to $20.00 in a research report sent to investors on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research firms have also commented on VTS. Weiss Ratings restated a “buy (b-)” rating on shares of Vitesse Energy in a research note on Saturday, September 27th. Zacks Research upgraded Vitesse Energy to a “strong-buy” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.50.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $23.50 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $907.34 million, a PE ratio of 22.17 and a beta of 0.61. The firm’s 50 day moving average price is $24.88 and its 200-day moving average price is $23.27. Vitesse Energy has a twelve month low of $18.90 and a twelve month high of $28.41.

Vitesse Energy (NYSE:VTS) last announced its earnings results on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $81.76 million during the quarter, compared to analyst estimates of $69.78 million. Equities research analysts expect that Vitesse Energy will post 1.05 EPS for the current year.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued 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 9.6%. Vitesse Energy’s payout ratio is currently 212.26%.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Vitesse Energy by 6.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,579 shares of the company’s stock valued at $714,000 after acquiring an additional 1,757 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Vitesse Energy by 15.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,446 shares of the company’s stock worth $336,000 after buying an additional 1,848 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Vitesse Energy by 2,023.8% in the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company’s stock worth $149,000 after buying an additional 5,788 shares in the last quarter. GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 1.3% during the first quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company’s stock valued at $13,226,000 after buying an additional 6,986 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Vitesse Energy by 31.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 382,753 shares of the company’s stock worth $9,412,000 after acquiring an additional 92,199 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company’s stock.

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.