Vitesse Energy (NYSE:VTS) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Vitesse Energy (NYSE:VTS) has received a reaffirmed Buy (B-) rating from Weiss Ratings, indicating positive sentiment among investment analysts.
• The company's stock recently traded at $23.26, with a consensus price target set at $24.50 according to MarketBeat.com.
• In its latest earnings report, Vitesse Energy reported $0.60 EPS, exceeding estimates and generating revenue of $81.76 million for the quarter.

Vitesse Energy (NYSE:VTS - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently weighed in on VTS. Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research downgraded shares of Vitesse Energy from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, Evercore ISI lowered their price objective on shares of Vitesse Energy from $22.00 to $20.00 and set an "in-line" rating on the stock in a report on Monday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.50.

Vitesse Energy Stock Up 0.0%

NYSE VTS traded up $0.01 on Wednesday, hitting $23.26. 102,160 shares of the company were exchanged, compared to its average volume of 312,371. The company has a market cap of $898.03 million, a PE ratio of 21.84 and a beta of 0.61. Vitesse Energy has a 12 month low of $18.90 and a 12 month high of $28.41. The stock has a fifty day moving average of $24.86 and a 200-day moving average of $23.27. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.16.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.50. The business had revenue of $81.76 million for the quarter, compared to analyst estimates of $69.78 million. Vitesse Energy had a net margin of 15.12% and a return on equity of 7.25%. As a group, analysts forecast that Vitesse Energy will post 1.05 earnings per share for the current year.

Institutional Trading of Vitesse Energy

A number of large investors have recently added to or reduced their stakes in VTS. SouthState Corp purchased a new stake in Vitesse Energy during the first quarter worth about $25,000. Parallel Advisors LLC increased its holdings in Vitesse Energy by 74.7% during the second quarter. Parallel Advisors LLC now owns 1,303 shares of the company's stock worth $29,000 after buying an additional 557 shares during the last quarter. CWM LLC increased its holdings in Vitesse Energy by 138.8% during the second quarter. CWM LLC now owns 1,827 shares of the company's stock worth $40,000 after buying an additional 1,062 shares during the last quarter. Signaturefd LLC increased its holdings in Vitesse Energy by 415.7% during the second quarter. Signaturefd LLC now owns 2,393 shares of the company's stock worth $53,000 after buying an additional 1,929 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Vitesse Energy during the first quarter worth about $54,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.