Vitesse Energy (NYSE:VTS) Raised to "Hold" at Northland Capmk

Vitesse Energy (NYSE:VTS - Get Free Report) was upgraded by investment analysts at Northland Capmk to a "hold" rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on VTS. Roth Mkm lifted their price target on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 2nd. Evercore ISI reiterated an "in-line" rating and issued a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Alliance Global Partners initiated coverage on shares of Vitesse Energy in a research note 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 target on the stock. in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Trading Down 1.5%

Vitesse Energy stock traded down $0.32 during trading hours on Tuesday, reaching $21.27. The stock had a trading volume of 52,900 shares, compared to its average volume of 215,553. The stock has a market cap of $821.13 million, a PE ratio of 14.54 and a beta of 0.67. Vitesse Energy has a 52 week low of $18.90 and a 52 week high of $28.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day simple moving average of $22.06 and a 200-day simple moving average of $24.82.

Institutional Trading of Vitesse Energy

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Vitesse Energy by 65.5% in the 4th quarter. Victory Capital Management Inc. now owns 17,481 shares of the company's stock worth $437,000 after buying an additional 6,916 shares during the period. Wells Fargo & Company MN grew its stake in shares of Vitesse Energy by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 126,387 shares of the company's stock worth $3,160,000 after purchasing an additional 2,431 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Vitesse Energy during the 4th quarter worth approximately $318,000. Legal & General Group Plc grew its stake in Vitesse Energy by 4.1% in the 4th quarter. Legal & General Group Plc now owns 30,793 shares of the company's stock valued at $770,000 after acquiring an additional 1,219 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in 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 acquiring an additional 1,566 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

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.

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