Shares of Vitesse Energy, Inc. (NYSE:VTS – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $15.00 and last traded at $15.06, with a volume of 133,302 shares changing hands. The stock had previously closed at $15.45.
Key Vitesse Energy News
Here are the key news stories impacting Vitesse Energy this week:
- Positive Sentiment: Vitesse reported $82.95 million in Q3 revenue, above analyst expectations, and generated $39.3 million in adjusted EBITDA and $2.5 million in adjusted net income. Its DJ Basin acquisition is expected to help support 2026 production guidance of 16,600–17,200 BOE per day. Read More.
- Positive Sentiment: A Zacks analysis says VTS is technically oversold after recent losses and cites improving Wall Street earnings estimates as a possible catalyst for a trend reversal. This is a potential signal, not a guarantee of a rebound. Read More.
- Neutral Sentiment: The DJ Basin acquisition adds production, but coverage also described lower production elsewhere, making the acquisition’s contribution important to meeting the company’s revised outlook. Read More.
- Negative Sentiment: Vitesse posted a $36.4 million GAAP net loss, largely due to a $46.6 million non-cash unrealized loss on commodity derivatives. Reported EPS was $0.01; some coverage said this missed its consensus estimate. A separate report also flagged pressure on dividend coverage, raising concerns about the sustainability of shareholder payouts. Read More.
Analysts Set New Price Targets
Several brokerages recently issued reports on VTS. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Zacks Research raised Vitesse Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Northland Securities set a $20.50 target price on shares of Vitesse Energy in a report on Thursday, September 17th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research note on Thursday, September 17th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Vitesse Energy in a report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.50.
Get Our Latest Stock Analysis on VTS
Vitesse Energy Price Performance
The company’s fifty day moving average price is $17.53 and its 200 day moving average price is $17.96. The company has a market capitalization of $609.40 million, a P/E ratio of -12.47 and a beta of 0.56. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25.
Vitesse Energy (NYSE:VTS – Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $82.95 million during the quarter, compared to the consensus estimate of $76.97 million. Vitesse Energy had a negative net margin of 15.43% and a positive return on equity of 0.27%. As a group, sell-side analysts forecast that Vitesse Energy, Inc. will post -1.11 EPS for the current year.
Vitesse Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Vitesse Energy’s dividend payout ratio is -530.30%.
Institutional Investors Weigh In On Vitesse Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in Vitesse Energy by 33.9% in the first quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock valued at $6,136,000 after purchasing an additional 85,637 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Vitesse Energy by 58.6% during the first quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock valued at $4,990,000 after purchasing an additional 101,506 shares in the last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of Vitesse Energy by 1.7% during the third quarter. Mraz Amerine & Associates Inc. now owns 165,002 shares of the company’s stock worth $2,756,000 after purchasing an additional 2,796 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Vitesse Energy by 162.3% during the first quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock worth $2,547,000 after purchasing an additional 86,777 shares during the last quarter. Finally, Norris Financial Group LLC bought a new stake in shares of Vitesse Energy during the first quarter worth about $1,394,000. 51.63% of the stock is currently owned by institutional investors.
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.
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