Vitesse Energy, Inc. (NYSE:VTS) Given Average Recommendation of “Hold” by Brokerages

Vitesse Energy, Inc. (NYSE:VTS) has received an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.50.

Several equities analysts recently issued reports on VTS shares. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Finally, Evercore ISI dropped their price target on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a report on Monday, October 6th.

Insider Activity at Vitesse Energy

In other news, VP Michael Sabol sold 4,497 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $90,569.58. Following the sale, the vice president directly owned 64,914 shares of the company’s stock, valued at $1,307,367.96. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Gerrity sold 36,785 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $19.66, for a total transaction of $723,193.10. Following the completion of the transaction, the chief executive officer directly owned 371,991 shares in the company, valued at $7,313,343.06. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 341,808 shares of company stock worth $6,758,540 in the last quarter. Insiders own 18.15% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. lifted its stake in Vitesse Energy by 21.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock valued at $67,000 after acquiring an additional 538 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Vitesse Energy by 5.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock valued at $234,000 after purchasing an additional 557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Vitesse Energy by 5.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock worth $357,000 after purchasing an additional 861 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Vitesse Energy by 8.1% in the third quarter. Ausdal Financial Partners Inc. now owns 12,674 shares of the company’s stock worth $294,000 after purchasing an additional 953 shares in the last quarter. Finally, CWM LLC boosted its holdings in Vitesse Energy by 138.8% during the second quarter. CWM LLC now owns 1,827 shares of the company’s stock worth $40,000 after purchasing an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Up 1.5%

NYSE VTS opened at $19.83 on Tuesday. Vitesse Energy has a twelve month low of $18.84 and a twelve month high of $27.17. The stock has a market cap of $766.63 million, a PE ratio of 39.65 and a beta of 0.64. The firm has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $22.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.

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

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.