Vitesse Energy, Inc. (NYSE:VTS) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a “Hold” consensus on Vitesse Energy, based on one sell, two hold, and three buy ratings. The average 12-month price target is $20.25, above the stock’s $16.89 opening price.
• Institutional investors own 51.63% of Vitesse Energy, with several firms increasing their holdings during the first quarter, including Bank of America, Gabelli Funds, First Trust Advisors, and North Star Investment Management.
• Vitesse Energy declared a quarterly dividend of $0.4375 per share, equivalent to $1.75 annually and a 10.4% yield. Shares have traded between $15.00 and $24.56 over the past year.

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have been assigned an average recommendation of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.25.

A number of brokerages have recently weighed in on VTS. Alliance Global Partners restated a "buy" rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Citigroup reaffirmed an "outperform" rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Northland Securities set a $20.50 target price on shares of Vitesse Energy in a research note on Thursday, September 17th. Zacks Research downgraded shares of Vitesse Energy from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th.

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VTS. Bank of America Corp DE increased its holdings in shares of Vitesse Energy by 162.3% in the first quarter. Bank of America Corp DE now owns 140,256 shares of the company's stock valued at $2,547,000 after purchasing an additional 86,777 shares during the period. Gabelli Funds LLC lifted its holdings 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 worth $4,990,000 after purchasing an additional 101,506 shares during the period. Norris Financial Group LLC acquired a new stake in shares of Vitesse Energy during the first quarter worth about $1,394,000. First Trust Advisors LP lifted its holdings in shares of Vitesse Energy by 33.9% during the first quarter. First Trust Advisors LP now owns 337,885 shares of the company's stock worth $6,136,000 after purchasing an additional 85,637 shares during the period. Finally, North Star Investment Management Corp. boosted its position in Vitesse Energy by 230.9% in the first quarter. North Star Investment Management Corp. now owns 135,054 shares of the company's stock valued at $2,453,000 after buying an additional 94,244 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Stock Up 0.0%

Shares of VTS stock opened at $16.89 on Wednesday. The stock's fifty day moving average price is $16.71 and its 200 day moving average price is $17.39. Vitesse Energy has a 1-year low of $15.00 and a 1-year high of $24.56. The company has a market cap of $710.86 million, a price-to-earnings ratio of -51.17 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06.

Vitesse Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.4%. Vitesse Energy's payout ratio is -530.30%.

About Vitesse Energy

Vitesse Energy, Inc NYSE: VTS is an independent energy company that invests in non-operated working interests and mineral and royalty interests in oil and natural gas properties. Rather than drilling and operating wells itself, the company partners with third-party exploration and production companies, allowing it to participate in production while relying on those operators to manage development and day-to-day operations.

The company's portfolio is focused primarily on U.S. onshore oil and natural gas assets, including properties in regions such as the Bakken and Three Forks formations in North Dakota and other established producing basins.

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