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

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

VTS has been the subject of several research reports. Northland Capmk upgraded Vitesse Energy to a "hold" rating in a research report on Tuesday, May 20th. Roth Mkm lifted their target price 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 Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target on the stock. in a report on Tuesday, May 20th. Alliance Global Partners started coverage on Vitesse Energy in a report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target on the stock. Finally, Evercore ISI reissued an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Vitesse Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in shares of Vitesse Energy by 5.4% during the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company's stock valued at $228,000 after buying an additional 476 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Vitesse Energy by 1.8% during the first quarter. Oppenheimer & Co. Inc. now owns 27,905 shares of the company's stock valued at $686,000 after buying an additional 489 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Vitesse Energy by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock valued at $356,000 after buying an additional 497 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Vitesse Energy by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 28,683 shares of the company's stock valued at $705,000 after buying an additional 516 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Vitesse Energy by 74.7% in the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company's stock valued at $29,000 after purchasing an additional 557 shares in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Performance

Shares of NYSE:VTS opened at $23.57 on Friday. The company has a market cap of $910.13 million, a P/E ratio of 29.84 and a beta of 0.66. 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 one year low of $18.90 and a one year high of $28.41. The business's 50-day simple moving average is $22.37 and its 200 day simple moving average is $23.72.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date of this dividend was Monday, June 16th. Vitesse Energy's dividend payout ratio (DPR) is presently 284.81%.

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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