Vitesse Energy (NYSE:VTS) Rating Lowered to “Sell” at Wall Street Zen

Vitesse Energy (NYSE:VTS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts also recently weighed in on VTS. Zacks Research downgraded shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Evercore ISI lowered their price target on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vitesse Energy in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.50.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $21.11 on Friday. 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 business’s fifty day moving average price is $23.27 and its two-hundred day moving average price is $23.25. The stock has a market cap of $816.44 million, a PE ratio of 42.23 and a beta of 0.60. Vitesse Energy has a one year low of $18.90 and a one year high of $28.41.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $65.70 million. On average, analysts forecast that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds have recently modified their holdings of VTS. SouthState Corp acquired a new position in Vitesse Energy during the first quarter worth approximately $25,000. Parallel Advisors LLC grew its stake in shares of Vitesse Energy by 74.7% during the 2nd 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 period. State of Alaska Department of Revenue acquired a new stake in shares of Vitesse Energy during the 3rd quarter worth $34,000. Rakuten Investment Management Inc. acquired a new stake in shares of Vitesse Energy during the 3rd quarter worth $37,000. Finally, CWM LLC raised its position in shares of Vitesse Energy by 138.8% in the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after buying an additional 1,062 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

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.