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

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

VTS has been the subject of several research analyst reports. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, CEO Robert W. Gerrity sold 90,737 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $1,827,443.18. Following the transaction, the chief executive officer owned 514,693 shares in the company, valued at approximately $10,365,917.02. This represents a 14.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Brian Cree sold 43,216 shares of Vitesse Energy stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.12, for a total transaction of $869,505.92. Following the transaction, the president owned 519,679 shares of the company’s stock, valued at $10,455,941.48. This represents a 7.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 341,808 shares of company stock valued at $6,758,540 over the last ninety days. 18.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Vitesse Energy by 48.3% in the 1st quarter. Royal Bank of Canada now owns 36,074 shares of the company’s stock valued at $888,000 after buying an additional 11,747 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Vitesse Energy by 29.7% during the first quarter. AQR Capital Management LLC now owns 21,841 shares of the company’s stock valued at $535,000 after acquiring an additional 5,002 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vitesse Energy by 7.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company’s stock worth $376,000 after acquiring an additional 1,065 shares during the period. Millennium Management LLC lifted its holdings in Vitesse Energy by 241.7% during the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock worth $4,415,000 after acquiring an additional 126,991 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Vitesse Energy by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company’s stock worth $5,012,000 after purchasing an additional 9,943 shares during the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Stock Performance

NYSE:VTS opened at $22.74 on Friday. 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 has a twelve month low of $18.84 and a twelve month high of $27.15. The company has a fifty day moving average of $20.28 and a 200-day moving average of $22.20. The firm has a market capitalization of $879.36 million, a P/E ratio of 45.48 and a beta of 0.63.

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.