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

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have received a consensus recommendation of "Hold" from the five research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.50.

VTS has been the subject of several research reports. Northland Capmk raised Vitesse Energy to a "hold" rating in a report on Tuesday. Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research report on Tuesday. Evercore ISI restated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Roth Mkm lifted their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research note on Thursday.

Institutional Trading of Vitesse Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Vitesse Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 2,515,479 shares of the company's stock worth $61,856,000 after acquiring an additional 60,476 shares during the period. Dimensional Fund Advisors LP increased its position in Vitesse Energy by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company's stock worth $29,031,000 after purchasing an additional 125,988 shares during the last quarter. American Century Companies Inc. raised its stake in Vitesse Energy by 14.8% during the first quarter. American Century Companies Inc. now owns 705,080 shares of the company's stock worth $17,338,000 after purchasing an additional 91,002 shares during the period. GoodHaven Capital Management LLC boosted its holdings in shares of Vitesse Energy by 1.3% in the 1st quarter. GoodHaven Capital Management LLC now owns 537,851 shares of the company's stock valued at $13,226,000 after purchasing an additional 6,986 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Vitesse Energy by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 419,818 shares of the company's stock valued at $10,495,000 after purchasing an additional 5,296 shares during the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.

Vitesse Energy Price Performance

Vitesse Energy stock traded down $0.30 during mid-day trading on Thursday, reaching $20.74. The company had a trading volume of 52,059 shares, compared to its average volume of 215,991. The stock's 50-day simple moving average is $22.01 and its 200-day simple moving average is $24.80. Vitesse Energy has a 1 year low of $18.90 and a 1 year high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $800.66 million, a P/E ratio of 14.23 and a beta of 0.67.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a yield of 10.85%. Vitesse Energy's dividend payout ratio (DPR) is presently 284.81%.

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.

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