Vitesse Energy, Inc. (NYSE:VTS) Stock Has Consensus Price Target of $20.50 According to Brokerages

Key Points

• Vitesse Energy has a consensus “Hold” rating from five analysts, with one sell, one hold, and three buy ratings. The average 12-month price target is $20.50 versus a recent share price of $18.28.
• Institutional investors own 51.63% of the company, with several hedge funds recently increasing their positions, including Bank of America, Gabelli Funds, and Lee Danner & Bass.
• Vitesse recently paid a quarterly dividend of $0.4375, implying an annualized dividend of $1.75 and a 9.6% yield.

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) has received an average rating of "Hold" from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.50.

A number of research analysts have recently commented on VTS shares. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Vitesse Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Alliance Global Partners restated a "buy" rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Zacks Research raised shares of Vitesse Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Vitesse Energy in a research note on Thursday, September 17th.

Institutional Trading of Vitesse Energy

Hedge funds have recently made changes to their positions in the business. Lee Danner & Bass Inc. lifted its holdings in shares of Vitesse Energy by 48.4% in the 1st quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company's stock valued at $6,292,000 after acquiring an additional 113,000 shares during the last quarter. First Trust Advisors LP grew 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 worth $6,136,000 after acquiring an additional 85,637 shares in the last quarter. Gabelli Funds LLC increased its stake in 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 acquiring an additional 101,506 shares during the last quarter. Mraz Amerine & Associates Inc. increased its stake in Vitesse Energy by 4.9% during the second quarter. Mraz Amerine & Associates Inc. now owns 162,206 shares of the company's stock worth $2,558,000 after acquiring an additional 7,601 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in 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 acquiring an additional 86,777 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

NYSE:VTS opened at $18.28 on Friday. 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 has a 1 year low of $15.00 and a 1 year high of $22.91. The stock's 50 day simple moving average is $17.24 and its two-hundred day simple moving average is $17.12. The company has a market cap of $769.63 million, a price-to-earnings ratio of -55.40 and a beta of 0.60.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Vitesse Energy's dividend payout ratio (DPR) is presently -530.30%.

Vitesse Energy Company Profile

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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