Vitesse Energy (NYSE:VTS) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Vitesse Energy from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $20.50 target price.
• Vitesse Energy shares opened at $16.95, near their 50-day moving average, with a market capitalization of approximately $713 million and a 52-week trading range of $15.00 to $23.53.
• Institutional investors own 51.63% of the company, with several firms recently increasing their positions or establishing new stakes.

Vitesse Energy (NYSE:VTS - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Northland Securities set a $20.50 price target on shares of Vitesse Energy in a research report on Thursday, September 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vitesse Energy in a research note on Monday, August 3rd. Citigroup reaffirmed an "outperform" rating on shares of Vitesse Energy in a report on Thursday, September 17th. Alliance Global Partners reiterated a "buy" rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.

Vitesse Energy Stock Performance

Shares of NYSE:VTS opened at $16.95 on Monday. The stock has a market capitalization of $713.45 million, a P/E ratio of -51.35 and a beta of 0.60. Vitesse Energy has a 1-year low of $15.00 and a 1-year high of $23.53. 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 business has a 50-day moving average price of $16.94 and a two-hundred day moving average price of $17.20.

Institutional Trading of Vitesse Energy

A number of large investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Vitesse Energy by 3,545.7% in the third quarter. Versant Capital Management Inc now owns 2,552 shares of the company's stock valued at $43,000 after buying an additional 2,482 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Vitesse Energy during the second quarter worth $30,000. Squarepoint Ops LLC lifted its position in Vitesse Energy by 25.3% in the 2nd quarter. Squarepoint Ops LLC now owns 21,418 shares of the company's stock valued at $338,000 after acquiring an additional 4,326 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its position in Vitesse Energy by 4.9% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 162,206 shares of the company's stock valued at $2,558,000 after acquiring an additional 7,601 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new position in Vitesse Energy in the 2nd quarter worth $928,000. 51.63% of the stock is owned by institutional investors.

About Vitesse Energy

Vitesse Energy, Inc is an oil and gas company that owns non-operated working interests and mineral interests in wells drilled and operated by other exploration and production companies. Rather than managing drilling operations directly, Vitesse provides capital to acquire interests in producing and development-stage properties while relying on its operating partners to handle drilling, completion, production and field operations.

The company's portfolio is focused primarily on U.S. oil-producing regions, including the Williston Basin and other major onshore basins.

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