Vitesse Energy, Inc. (NYSE:VTS) Given Consensus Rating of "Hold" by Brokerages

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

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Vitesse Energy from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Northland Capmk raised shares of Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Northland Securities cut shares of 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, May 20th. Alliance Global Partners assumed coverage on shares of Vitesse Energy in a research report on Wednesday, May 14th. They set a "buy" rating and a $26.00 price target for the company. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th.

Vitesse Energy Stock Up 0.8%

Shares of NYSE:VTS traded up $0.20 during midday trading on Friday, hitting $23.75. 186,345 shares of the company's stock traded hands, compared to its average volume of 244,504. The firm's fifty day moving average price is $22.37 and its two-hundred day moving average price is $23.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.73 and a current ratio of 0.73. Vitesse Energy has a twelve month low of $18.90 and a twelve month high of $28.41. The company has a market cap of $917.01 million, a PE ratio of 30.06 and a beta of 0.66.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Monday, June 16th. Vitesse Energy's dividend payout ratio (DPR) is 284.81%.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in Vitesse Energy by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock worth $6,611,000 after acquiring an additional 1,566 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Vitesse Energy by 65.5% during the 4th quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock worth $437,000 after acquiring an additional 6,916 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Vitesse Energy during the 4th quarter worth $318,000. Raymond James Financial Inc. acquired a new position in Vitesse Energy during the 4th quarter worth $569,000. Finally, AlphaQuest LLC grew its holdings in Vitesse Energy by 415.4% during the 4th quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock worth $184,000 after acquiring an additional 5,944 shares in the last quarter. Hedge funds and other institutional investors 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.