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

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 firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.50.

Several equities analysts have commented on the stock. Evercore ISI reissued an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. Roth Mkm increased their target price on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Northland Capmk raised Vitesse Energy to a "hold" rating in a report on Tuesday, May 20th. Alliance Global Partners assumed coverage on shares of Vitesse Energy in a report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Northland Securities downgraded shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective on the stock. in a report on Tuesday, May 20th.

Vitesse Energy Trading Down 2.9%

VTS traded down $0.70 during mid-day trading on Monday, hitting $23.70. 491,372 shares of the stock were exchanged, compared to its average volume of 289,318. The firm's fifty day moving average is $21.52 and its two-hundred day moving average is $24.15. Vitesse Energy has a 1-year low of $18.90 and a 1-year high of $28.41. The company has a market cap of $915.27 million, a PE ratio of 16.23 and a beta of 0.63. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Vitesse Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's dividend payout ratio (DPR) is presently 284.81%.

Institutional Investors Weigh In On Vitesse Energy

A number of large investors have recently added to or reduced their stakes in VTS. SouthState Corp purchased a new stake in shares of Vitesse Energy in the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Vitesse Energy during the 4th quarter worth approximately $29,000. Strs Ohio purchased a new stake in Vitesse Energy in the 1st quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Vitesse Energy during the 1st quarter valued at $98,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Vitesse Energy during the fourth quarter worth $104,000. 51.63% of the stock is owned by institutional investors and hedge funds.

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.