FY2027 EPS Estimates for Vitesse Energy Cut by Analyst

Vitesse Energy, Inc. (NYSE:VTS) – Stock analysts at Northland Securities reduced their FY2027 earnings per share (EPS) estimates for shares of Vitesse Energy in a report issued on Thursday, July 23rd. Northland Securities analyst J. Grampp now forecasts that the company will post earnings per share of $0.12 for the year, down from their prior forecast of $0.14. Northland Securities has a “Outperform” rating and a $18.50 price target on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is ($0.75) per share.

Several other research analysts have also recently issued reports on VTS. Zacks Research cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 1st. Weiss Ratings cut shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.25.

Vitesse Energy Trading Down 1.0%

Vitesse Energy stock opened at $15.77 on Friday. The company has a market capitalization of $657.81 million, a price-to-earnings ratio of -31.54 and a beta of 0.57. The business’s fifty day simple moving average is $16.57 and its two-hundred day simple moving average is $18.49. Vitesse Energy has a 12 month low of $15.01 and a 12 month high of $27.15. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new stake in shares of Vitesse Energy in the first quarter worth approximately $54,000. Whittier Trust Co. of Nevada Inc. lifted its position in Vitesse Energy by 359.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock valued at $54,000 after purchasing an additional 2,307 shares during the period. Osaic Holdings Inc. boosted its holdings in Vitesse Energy by 43.5% in the second quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock worth $78,000 after purchasing an additional 1,069 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Vitesse Energy by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after purchasing an additional 2,432 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new stake in Vitesse Energy in the 4th quarter worth approximately $154,000. Institutional investors own 51.63% of the company’s stock.

Insider Activity at Vitesse Energy

In other Vitesse Energy news, Director Joseph S. Steinberg acquired 40,882 shares of Vitesse Energy stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $16.16 per share, for a total transaction of $660,653.12. Following the acquisition, the director owned 108,500 shares of the company’s stock, valued at $1,753,360. This represents a 60.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.94% of the stock is owned by company insiders.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.75 annualized dividend and a dividend yield of 11.1%. Vitesse Energy’s dividend payout ratio (DPR) is -350.00%.

About Vitesse Energy

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.