Brokerages Set Vitesse Energy, Inc. (NYSE:VTS) Price Target at $24.50

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.50.

VTS has been the subject of a number of research analyst reports. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 8th. Finally, Evercore ISI cut their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research report on Monday, October 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in shares of Vitesse Energy in the first quarter valued at about $25,000. Parallel Advisors LLC increased its position in Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after acquiring an additional 557 shares during the period. State of Alaska Department of Revenue acquired a new stake in Vitesse Energy in the 3rd quarter worth about $34,000. Rakuten Investment Management Inc. bought a new stake in Vitesse Energy in the 3rd quarter valued at about $37,000. Finally, CWM LLC boosted its holdings in Vitesse Energy by 138.8% in the 2nd quarter. CWM LLC now owns 1,827 shares of the company’s stock valued at $40,000 after purchasing an additional 1,062 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Trading Up 0.2%

Vitesse Energy stock opened at $21.72 on Monday. The stock has a 50-day simple moving average of $21.64 and a 200 day simple moving average of $23.23. The stock has a market capitalization of $840.07 million, a P/E ratio of 43.45 and a beta of 0.61. 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 has a 52 week low of $18.90 and a 52 week high of $27.50.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings data on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The business had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. Analysts expect that Vitesse Energy will post 1.05 earnings per share for the current year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Monday, December 15th. Vitesse Energy’s dividend payout ratio (DPR) is presently 450.00%.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.