Vitesse Energy, Inc. (NYSE:VTS) Receives Consensus Rating of “Hold” from Analysts

Vitesse Energy, Inc. (NYSE:VTS) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $24.50.

A number of analysts have recently weighed in on VTS shares. Evercore ISI reduced their target price on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen lowered shares of Vitesse Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings cut shares of Vitesse Energy from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, November 7th.

Vitesse Energy Stock Performance

Shares of NYSE:VTS opened at $20.92 on Thursday. Vitesse Energy has a 12-month low of $18.90 and a 12-month high of $28.41. The company’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $23.24. The firm has a market cap of $808.98 million, a PE ratio of 41.84 and a beta of 0.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

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

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.5625 per share. The ex-dividend date is Monday, December 15th. This represents a $2.25 annualized dividend and a yield of 10.8%. Vitesse Energy’s dividend payout ratio is presently 450.00%.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Gabelli Funds LLC lifted its position in shares of Vitesse Energy by 5.4% during the 3rd quarter. Gabelli Funds LLC now owns 91,978 shares of the company’s stock worth $2,137,000 after buying an additional 4,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Vitesse Energy by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,351,220 shares of the company’s stock worth $31,389,000 after acquiring an additional 35,320 shares in the last quarter. American Century Companies Inc. raised its stake in Vitesse Energy by 12.9% during the third quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock worth $22,175,000 after acquiring an additional 108,742 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Vitesse Energy by 12.4% in the third quarter. Rafferty Asset Management LLC now owns 29,073 shares of the company’s stock worth $675,000 after acquiring an additional 3,198 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of Vitesse Energy by 310.2% in the 3rd quarter. Quantbot Technologies LP now owns 23,029 shares of the company’s stock valued at $535,000 after purchasing an additional 17,415 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

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.