Vitesse Energy (NYSE:VTS) Stock Price Breaks Below 200 Day Moving Average - Here's What Happened

Key Points

• Vitesse Energy shares fell below their 200-day moving average, trading as low as $17.19 versus the $17.99 average, and last changing hands near $17.22.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the consensus rating is Hold with a $20.50 price target.
• The company beat quarterly earnings and revenue estimates, reporting $0.06 in EPS and $82.95 million in revenue, while declaring a $0.4375 quarterly dividend—equivalent to a 10.2% annualized yield.

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.99 and traded as low as $17.19. Vitesse Energy shares last traded at $17.2220, with a volume of 427,973 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Northland Securities set a $20.50 price target on Vitesse Energy in a research note on Thursday, September 17th. Citigroup reiterated an "outperform" rating on shares of Vitesse Energy in a research note on Thursday, September 17th. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Alliance Global Partners reaffirmed a "buy" rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Vitesse Energy from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.50.

Vitesse Energy Stock Performance

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 has a market capitalization of $725.05 million, a PE ratio of -52.19 and a beta of 0.60. The firm has a 50 day moving average price of $17.56 and a 200-day moving average price of $17.99.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its earnings results on Monday, November 2nd. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. Vitesse Energy had a negative return on equity of 0.02% and a negative net margin of 3.95%. The firm had revenue of $82.95 million for the quarter, compared to analyst estimates of $76.97 million. Research analysts expect that Vitesse Energy, Inc. will post -1.11 EPS for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 10.2%. The ex-dividend date is Tuesday, December 15th. Vitesse Energy's payout ratio is presently -530.30%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VTS. First Trust Advisors LP raised its stake in shares of Vitesse Energy by 33.9% during the 1st quarter. First Trust Advisors LP now owns 337,885 shares of the company's stock valued at $6,136,000 after buying an additional 85,637 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Vitesse Energy by 58.6% during the 1st quarter. Gabelli Funds LLC now owns 274,804 shares of the company's stock valued at $4,990,000 after buying an additional 101,506 shares in the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Vitesse Energy by 1.7% in the third quarter. Mraz Amerine & Associates Inc. now owns 165,002 shares of the company's stock valued at $2,756,000 after purchasing an additional 2,796 shares during the period. Bank of America Corp DE boosted its holdings in Vitesse Energy by 162.3% in the 1st quarter. Bank of America Corp DE now owns 140,256 shares of the company's stock worth $2,547,000 after buying an additional 86,777 shares during the last quarter. Finally, Norris Financial Group LLC acquired a new stake in shares of Vitesse Energy in the first quarter worth approximately $1,394,000. Hedge funds and other institutional investors own 51.63% of the company's stock.

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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