Vitesse Energy (NYSE:VTS) Stock Rating Lowered by Northland Securities

Vitesse Energy (NYSE:VTS - Get Free Report) was downgraded by investment analysts at Northland Securities from an "outperform" rating to a "market perform" rating in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $19.00 price objective on the stock. Northland Securities' target price suggests a potential downside of 14.76% from the company's current price.

Other analysts also recently issued research reports about the company. Alliance Global Partners began coverage on Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price target on the stock. Evercore ISI reaffirmed an "in-line" rating and set a $28.00 price target on shares of Vitesse Energy in a research report on Wednesday, March 19th. Finally, Roth Mkm lifted their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.50.

Vitesse Energy Trading Down 1.2%

Shares of NYSE:VTS opened at $22.29 on Tuesday. The firm has a market cap of $860.71 million, a price-to-earnings ratio of 15.27 and a beta of 0.67. Vitesse Energy has a 12 month low of $18.90 and a 12 month high of $28.41. The company's fifty day simple moving average is $22.11 and its 200 day simple moving average is $24.85. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors and hedge funds have recently made changes to their positions in VTS. R Squared Ltd acquired a new position in Vitesse Energy during the fourth quarter worth $79,000. Inlet Private Wealth LLC raised its holdings in shares of Vitesse Energy by 0.7% in the 4th quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company's stock valued at $1,491,000 after purchasing an additional 400 shares during the period. Rhumbline Advisers lifted its stake in Vitesse Energy by 1.6% in the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock valued at $1,048,000 after purchasing an additional 660 shares during the last quarter. Principal Financial Group Inc. increased its position in Vitesse Energy by 5.0% during the fourth quarter. Principal Financial Group Inc. now owns 8,784 shares of the company's stock worth $220,000 after buying an additional 418 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Vitesse Energy in the fourth quarter valued at approximately $443,000. Institutional investors own 51.63% of the company's stock.

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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