Vitesse Energy (NYSE:VTS) Stock Rating Lowered by Wall Street Zen

Vitesse Energy (NYSE:VTS) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

Vitesse Energy Trading Up 1.2%

Shares of Vitesse Energy stock opened at $19.50 on Friday. Vitesse Energy has a 12-month low of $17.44 and a 12-month high of $27.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock has a market cap of $775.71 million, a PE ratio of 30.95 and a beta of 0.68. The company has a 50-day moving average of $20.37 and a two-hundred day moving average of $21.80.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.12). The company had revenue of $58.62 million for the quarter, compared to analyst estimates of $67.10 million. Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. On average, research analysts anticipate that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vitesse Energy news, President Brian Cree sold 43,216 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.12, for a total value of $869,505.92. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mike Morella sold 5,202 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total transaction of $104,716.26. Following the completion of the sale, the chief accounting officer owned 82,413 shares in the company, valued at $1,658,973.69. This represents a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 341,808 shares of company stock worth $6,758,540. Insiders own 18.15% of the company’s stock.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors and hedge funds have recently bought and sold shares of VTS. Oppenheimer & Co. Inc. grew its holdings in Vitesse Energy by 2.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 20,776 shares of the company’s stock valued at $400,000 after buying an additional 530 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Vitesse Energy by 21.8% in the second quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock worth $67,000 after acquiring an additional 538 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Vitesse Energy by 5.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 13,364 shares of the company’s stock valued at $257,000 after acquiring an additional 690 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Vitesse Energy by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,911 shares of the company’s stock valued at $576,000 after acquiring an additional 756 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vitesse Energy by 3.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,957 shares of the company’s stock valued at $404,000 after acquiring an additional 786 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 (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.