Vitesse Energy, Inc. (NYSE:VTS) Receives Average Rating of "Hold" from Analysts

Key Points

• Vitesse Energy, Inc. has an average analyst recommendation of "Hold" from seven analysts, with a twelve-month target price of $24.50.
• The company's quarterly earnings report revealed $0.60 earnings per share, significantly beating analyst estimates of $0.10, while revenue hit $81.76 million.
• Vitesse Energy recently declared a quarterly dividend of $0.5625 per share, resulting in a substantial annual yield of 10.2%.

Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) has received an average recommendation of "Hold" from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $24.50.

Several analysts have issued reports on the company. Evercore ISI cut their price objective on Vitesse Energy from $22.00 to $20.00 and set an "in-line" rating on the stock in a report on Monday, October 6th. Zacks Research downgraded Vitesse Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Vitesse Energy in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

Vitesse Energy Price Performance

Shares of NYSE VTS opened at $22.06 on Friday. Vitesse Energy has a twelve month low of $18.90 and a twelve month high of $28.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $851.85 million, a price-to-earnings ratio of 20.81 and a beta of 0.61. The firm has a 50-day moving average of $24.54 and a two-hundred day moving average of $23.15.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its quarterly earnings results 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. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. The company had revenue of $81.76 million during the quarter, compared to the consensus estimate of $69.78 million. As a group, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 10.2%. The ex-dividend date was Monday, September 15th. Vitesse Energy's payout ratio is presently 212.26%.

Institutional Trading of Vitesse Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. SouthState Corp acquired a new stake in Vitesse Energy during the 1st quarter worth about $25,000. Parallel Advisors LLC increased its holdings in shares of Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company's stock valued at $29,000 after purchasing an additional 557 shares during the period. CWM LLC increased its holdings in shares of Vitesse Energy by 138.8% in the 2nd quarter. CWM LLC now owns 1,827 shares of the company's stock valued at $40,000 after purchasing an additional 1,062 shares during the period. Signaturefd LLC increased its holdings in shares of Vitesse Energy by 415.7% in the 2nd quarter. Signaturefd LLC now owns 2,393 shares of the company's stock valued at $53,000 after purchasing an additional 1,929 shares during the period. Finally, Strs Ohio acquired a new position in shares of Vitesse Energy in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 51.63% of the company's stock.

About Vitesse Energy

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.

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