Analysts Set Vitesse Energy, Inc. (NYSE:VTS) Price Target at $26.50

Shares of Vitesse Energy, Inc. (NYSE:VTS - Get Free Report) have received a consensus rating of "Hold" from the five analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

Several equities research analysts have weighed in on VTS shares. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Roth Mkm increased their price objective on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, April 2nd. Northland Securities cut Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective for the company. in a report on Tuesday, May 20th. Evercore ISI reiterated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th. Finally, Wall Street Zen cut Vitesse Energy from a "hold" rating to a "sell" rating in a report on Friday, June 27th.

Vitesse Energy Trading Down 1.2%

NYSE VTS traded down $0.29 on Friday, hitting $23.45. The company's stock had a trading volume of 230,856 shares, compared to its average volume of 245,294. Vitesse Energy has a 52-week low of $18.90 and a 52-week high of $28.41. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.18. The company's 50-day simple moving average is $22.46 and its 200 day simple moving average is $23.69. The firm has a market cap of $905.54 million, a P/E ratio of 29.69 and a beta of 0.66.

Vitesse Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend was Monday, June 16th. Vitesse Energy's payout ratio is presently 284.81%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VTS. Bank of New York Mellon Corp lifted its stake in shares of Vitesse Energy by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company's stock valued at $6,611,000 after purchasing an additional 1,566 shares during the period. Victory Capital Management Inc. raised its stake in Vitesse Energy by 65.5% during the fourth quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock valued at $437,000 after buying an additional 6,916 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Vitesse Energy during the fourth quarter valued at $318,000. Raymond James Financial Inc. purchased a new position in Vitesse Energy during the fourth quarter valued at $569,000. Finally, AlphaQuest LLC raised its stake in Vitesse Energy by 415.4% during the fourth quarter. AlphaQuest LLC now owns 7,375 shares of the company's stock valued at $184,000 after buying an additional 5,944 shares during 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.