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

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

VTS has been the subject of several research reports. Wall Street Zen raised shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Northland Securities lowered Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price target for the company. in a research note on Tuesday, May 20th. Northland Capmk raised Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Roth Mkm increased their target price on Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Finally, Evercore ISI reissued an "in-line" rating and issued a $28.00 target price on shares of Vitesse Energy in a report on Wednesday, March 19th.

Institutional Investors Weigh In On Vitesse Energy

Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of Vitesse Energy by 5.0% in the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock valued at $220,000 after purchasing an additional 418 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Vitesse Energy by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,905 shares of the company's stock valued at $686,000 after buying an additional 489 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Vitesse Energy by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,232 shares of the company's stock worth $356,000 after buying an additional 497 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Vitesse Energy by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 28,683 shares of the company's stock worth $705,000 after buying an additional 516 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Vitesse Energy by 2.9% during the first quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,892 shares of the company's stock worth $516,000 after buying an additional 597 shares during the period. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Price Performance

Shares of NYSE:VTS traded down $0.18 during midday trading on Monday, reaching $23.39. 385,649 shares of the company were exchanged, compared to its average volume of 230,067. The stock has a market cap of $903.13 million, a PE ratio of 29.61 and a beta of 0.63. The business's fifty day moving average is $21.76 and its two-hundred day moving average is $24.08. Vitesse Energy has a one year low of $18.90 and a one year 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.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.5625 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.25 annualized dividend and a yield of 9.62%. Vitesse Energy's dividend payout ratio is currently 284.81%.

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.