Vitesse Energy, Inc. (VTS) - What Are Investment Firms Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Five brokerages give Vitesse Energy an average “Hold” rating, with three Buys, one Hold and one Sell; the average 12-month price target is $20.50.
• Quarterly results were mixed: Vitesse reported EPS of $0.01, below the $0.03 consensus, while revenue of $82.95 million exceeded estimates of $76.97 million.
• The company announced a quarterly dividend of $0.4375 per share, equivalent to $1.75 annually and a stated yield of 11.5%; its payout ratio is negative.

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) has received an average rating of "Hold" from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $20.50.

A number of equities analysts have commented on the company. Weiss Ratings lowered Vitesse Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. 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 report on Thursday, September 17th. Northland Securities set a $20.50 price target on shares of Vitesse Energy in a research report on Thursday, September 17th. 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.

Vitesse Energy Stock Up 2.5%

Shares of VTS opened at $15.24 on Thursday. The company has a market capitalization of $641.98 million, a P/E ratio of -13.14 and a beta of 0.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.65 and a quick ratio of 0.65. Vitesse Energy has a one year low of $14.40 and a one year high of $22.91. The business's 50 day simple moving average is $17.24 and its 200-day simple moving average is $17.82.

Vitesse Energy (NYSE:VTS - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). Vitesse Energy had a positive return on equity of 0.27% and a negative net margin of 15.43%. The business had revenue of $82.95 million for the quarter, compared to the consensus estimate of $76.97 million. As a group, sell-side analysts predict that Vitesse Energy will post -1.96 EPS for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 11.5%. Vitesse Energy's payout ratio is currently -150.86%.

Hedge Funds Weigh In On Vitesse Energy

A number of large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in shares of Vitesse Energy by 458.6% in the third quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company's stock valued at $31,000 after purchasing an additional 1,541 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Vitesse Energy in the 2nd quarter worth approximately $30,000. Versant Capital Management Inc lifted its holdings in Vitesse Energy by 3,545.7% during the 3rd quarter. Versant Capital Management Inc now owns 2,552 shares of the company's stock worth $43,000 after buying an additional 2,482 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Vitesse Energy by 150.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock worth $56,000 after buying an additional 2,002 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in Vitesse Energy by 15.4% during the 3rd quarter. Signaturefd LLC now owns 4,109 shares of the company's stock worth $69,000 after buying an additional 548 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors and hedge funds.

Vitesse Energy Company Profile

Vitesse Energy, Inc. is an independent oil and natural gas company that owns non-operated interests in producing properties and development opportunities. Rather than directly operating most wells, the company invests alongside third-party operators. Its assets are concentrated in the Williston Basin, particularly the Bakken and Three Forks formations in North Dakota and Montana. Production from these properties includes crude oil, natural gas and natural gas liquids. Vitesse became a publicly traded company in 2023 through a business combination with Vitesse Energy Acquisition Corp. Its non-operated model allows it to participate in drilling and production activities conducted by operators across its core region.

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