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

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have been given an average recommendation of "Hold" by the five brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.50.

VTS has been the subject of a number of analyst reports. Roth Mkm raised their price target on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, April 2nd. Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Evercore ISI reiterated an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Alliance Global Partners initiated coverage on Vitesse Energy in a research report on Wednesday, May 14th. They set a "buy" rating and a $26.00 target price for the company.

Vitesse Energy Trading Up 1.7%

VTS stock traded up $0.35 during midday trading on Thursday, reaching $21.18. 74,256 shares of the company traded hands, compared to its average volume of 276,217. The firm has a market capitalization of $817.65 million, a price-to-earnings ratio of 14.50 and a beta of 0.67. Vitesse Energy has a 52-week low of $18.90 and a 52-week high of $28.41. The business has a 50 day moving average of $21.83 and a 200-day moving average of $24.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.25 annualized dividend and a yield of 10.63%. Vitesse Energy's dividend payout ratio (DPR) is 284.81%.

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Vitesse Energy by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company's stock valued at $5,012,000 after purchasing an additional 9,943 shares during the period. Millennium Management LLC raised its position in Vitesse Energy by 241.7% during the 1st quarter. Millennium Management LLC now owns 179,532 shares of the company's stock valued at $4,415,000 after purchasing an additional 126,991 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Vitesse Energy by 7.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company's stock worth $376,000 after buying an additional 1,065 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Vitesse Energy by 29.7% in the 1st quarter. AQR Capital Management LLC now owns 21,841 shares of the company's stock worth $535,000 after buying an additional 5,002 shares during the period. Finally, Ancora Advisors LLC grew its position in shares of Vitesse Energy by 0.8% during the 1st quarter. Ancora Advisors LLC now owns 179,552 shares of the company's stock worth $4,415,000 after buying an additional 1,465 shares in the last quarter. 51.63% of the stock is currently owned by institutional investors.

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.