Vitesse Energy (NYSE:VTS) Releases Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Vitesse Energy beat quarterly expectations: The company reported $0.06 in earnings per share versus the $0.03 consensus estimate, while revenue of $82.95 million exceeded expectations of $76.97 million.
• Shares declined and profitability remained weak: The stock fell to $17.22, while Vitesse posted a negative net margin of 3.95% and a negative return on equity of 0.02%.
• The company announced a high-yield dividend: Vitesse declared a quarterly dividend of $0.4375, or $1.75 annually, representing a 10.2% yield. Analysts’ consensus rating is “Hold,” with a target price of $20.50.

Vitesse Energy (NYSE:VTS - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03, FiscalAI reports. Vitesse Energy had a negative net margin of 3.95% and a negative return on equity of 0.02%. The company had revenue of $82.95 million during the quarter, compared to analysts' expectations of $76.97 million.

Vitesse Energy Stock Performance

Vitesse Energy stock traded down $1.08 during trading on Monday, hitting $17.22. The stock had a trading volume of 427,979 shares, compared to its average volume of 500,702. Vitesse Energy has a 1 year low of $15.00 and a 1 year high of $22.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average is $17.56 and its two-hundred day moving average is $18.00. The stock has a market cap of $725.05 million, a price-to-earnings ratio of -52.19 and a beta of 0.56.

Vitesse Energy Dividend Announcement

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. This represents a $1.75 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Tuesday, December 15th. Vitesse Energy's payout ratio is presently -530.30%.

Analysts Set New Price Targets

VTS has been the subject of a number of research analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Northland Securities set a $20.50 price target on Vitesse Energy in a report on Thursday, September 17th. Alliance Global Partners reissued a "buy" rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Weiss Ratings downgraded Vitesse Energy from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Finally, Zacks Research upgraded Vitesse Energy from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Vitesse Energy has a consensus rating of "Hold" and a consensus target price of $20.50.

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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