Vitesse Energy, Inc. (NYSE:VTS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Vitesse Energy, Inc. (NYSE:VTS) has received a consensus rating of "Moderate Buy" from six brokerages, with three hold ratings, two buy ratings, and one strong buy rating.
• The company recently declared a quarterly dividend of $0.5625 per share, offering a 9.6% dividend yield for shareholders.
• Vitesse Energy reported earnings of $0.60 per share, significantly exceeding analysts' expectations, with revenue of $81.76 million for the most recent quarter.

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $26.50.

A number of research analysts have weighed in on VTS shares. Zacks Research upgraded Vitesse Energy to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nuveen Asset Management LLC raised its holdings in shares of Vitesse Energy by 1.3% during the 4th quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock worth $10,495,000 after acquiring an additional 5,296 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Vitesse Energy during the 1st quarter worth $98,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Vitesse Energy by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock worth $356,000 after acquiring an additional 497 shares during the period. Sprinkle Financial Consultants LLC purchased a new position in shares of Vitesse Energy during the 2nd quarter worth $281,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Vitesse Energy by 5.4% during the 1st quarter. Principal Financial Group Inc. now owns 9,260 shares of the company's stock worth $228,000 after acquiring an additional 476 shares during the period. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Trading Up 1.2%

Shares of VTS stock opened at $23.55 on Wednesday. The stock's fifty day moving average is $24.96 and its two-hundred day moving average is $23.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $909.27 million, a P/E ratio of 22.22 and a beta of 0.68. Vitesse Energy has a fifty-two week low of $18.90 and a fifty-two week high of $28.41.

Vitesse Energy (NYSE:VTS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.50. The company had revenue of $81.76 million for the quarter, compared to analyst estimates of $69.78 million. Vitesse Energy had a return on equity of 7.25% and a net margin of 15.12%. Research analysts expect that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Monday, September 15th. Vitesse Energy's payout ratio is currently 212.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.