Brokerages Set Vitesse Energy, Inc. (NYSE:VTS) Target Price at $26.50

Key Points

• Vitesse Energy, Inc. (NYSE:VTS) has an average rating of "Hold" from five brokerages, with three analysts rating it as hold and two as buy, while the average one-year price target is $26.50.
• Vitesse Energy's recent quarterly dividend will be paid at $0.5625 per share, yielding 9.6%, with a high dividend payout ratio of 284.81%.
• Institutional investors hold 51.63% of Vitesse Energy's shares, with significant recent investments including a new position by Nuveen LLC valued at approximately $10.3 million.

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have received an average recommendation of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.50.

VTS has been the topic of several research reports. Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Vitesse Energy from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective on the stock. in a research note on Tuesday, May 20th. Finally, Alliance Global Partners initiated coverage on Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price on the stock.

Vitesse Energy Price Performance

VTS traded up $0.04 during trading on Tuesday, hitting $24.67. 67,750 shares of the company traded hands, compared to its average volume of 305,454. The company has a current ratio of 0.95, a quick ratio of 0.73 and a debt-to-equity ratio of 0.16. The company has a market cap of $952.45 million, a PE ratio of 23.36 and a beta of 0.67. The stock's 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $23.47. Vitesse Energy has a 1 year low of $18.90 and a 1 year high of $28.41.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.50. The firm had revenue of $81.76 million for the quarter, compared to analysts' expectations of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. As a group, sell-side analysts anticipate that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Monday, September 15th. Vitesse Energy's dividend payout ratio is currently 212.26%.

Institutional Investors Weigh In On Vitesse Energy

Several institutional investors have recently added to or reduced their stakes in VTS. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Vitesse Energy by 24.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,333 shares of the company's stock worth $140,000 after acquiring an additional 1,239 shares during the period. Geode Capital Management LLC boosted its stake in Vitesse Energy by 9.5% during the second quarter. Geode Capital Management LLC now owns 695,919 shares of the company's stock worth $15,376,000 after buying an additional 60,229 shares during the last quarter. Wedbush Securities Inc. acquired a new stake in Vitesse Energy during the second quarter worth $291,000. Ellevest Inc. boosted its position in shares of Vitesse Energy by 8.0% during the 2nd quarter. Ellevest Inc. now owns 18,110 shares of the company's stock worth $400,000 after purchasing an additional 1,335 shares during the period. Finally, Ethic Inc. increased its stake in Vitesse Energy by 4.2% during the second quarter. Ethic Inc. now owns 54,120 shares of the company's stock worth $1,217,000 after purchasing an additional 2,181 shares during the period. Institutional investors and hedge funds own 51.63% of the company's stock.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.