Vitesse Energy (NYSE:VTS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Vitesse Energy, Inc. (NYSE:VTS) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.99 and traded as low as $17.19. Vitesse Energy shares last traded at $17.2220, with a volume of 427,973 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VTS. Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a report on Thursday, September 17th. Weiss Ratings lowered shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research upgraded Vitesse Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Northland Securities set a $20.50 target price on Vitesse Energy in a report on Thursday, September 17th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Vitesse Energy has a consensus rating of “Hold” and a consensus target price of $20.50.

Vitesse Energy Trading Down 5.9%

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $17.56 and a 200-day simple moving average of $17.99. The company has a market capitalization of $725.05 million, a PE ratio of -52.19 and a beta of 0.60.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, November 2nd. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03. The business had revenue of $82.95 million for the quarter, compared to analyst estimates of $76.97 million. Vitesse Energy had a negative return on equity of 0.02% and a negative net margin of 3.95%. Analysts predict that Vitesse Energy, Inc. will post -1.11 EPS for the current year.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.2%. Vitesse Energy’s dividend payout ratio is currently -530.30%.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Vitesse Energy during the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its holdings in Vitesse Energy by 458.6% in the third quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company’s stock valued at $31,000 after acquiring an additional 1,541 shares during the last quarter. Versant Capital Management Inc grew its position in Vitesse Energy by 3,545.7% in the third quarter. Versant Capital Management Inc now owns 2,552 shares of the company’s stock worth $43,000 after acquiring an additional 2,482 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Vitesse Energy by 359.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after acquiring an additional 2,307 shares during the period. Finally, GAMMA Investing LLC grew its position in Vitesse Energy by 150.3% in the third quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock worth $56,000 after acquiring an additional 2,002 shares during the period. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.