Northland Securities Downgrades Vitesse Energy (NYSE:VTS) to Market Perform

Northland Securities cut shares of Vitesse Energy (NYSE:VTS - Free Report) from an outperform rating to a market perform rating in a report released on Tuesday, MarketBeat reports. The firm currently has $19.00 target price on the stock.

VTS has been the topic of a number of other reports. Evercore ISI reiterated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th. Roth Mkm upped their price target on Vitesse Energy from $30.50 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Finally, Alliance Global Partners started coverage on Vitesse Energy in a research note on Wednesday, May 14th. They set a "buy" rating and a $26.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Vitesse Energy currently has a consensus rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Trading Down 0.1%

VTS traded down $0.03 during trading hours on Tuesday, reaching $20.85. The company's stock had a trading volume of 176,843 shares, compared to its average volume of 217,031. Vitesse Energy has a fifty-two week low of $18.90 and a fifty-two week high of $28.41. The stock has a market cap of $805.18 million, a PE ratio of 14.28 and a beta of 0.67. The business's 50-day moving average is $21.90 and its 200-day moving average is $24.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

Vitesse Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date is Monday, June 16th. Vitesse Energy's dividend payout ratio (DPR) is 284.81%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VTS. R Squared Ltd acquired a new position in Vitesse Energy during the fourth quarter worth $79,000. Inlet Private Wealth LLC increased its position in shares of Vitesse Energy by 0.7% during the fourth quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company's stock worth $1,491,000 after acquiring an additional 400 shares during the period. Rhumbline Advisers increased its position in shares of Vitesse Energy by 1.6% during the fourth quarter. Rhumbline Advisers now owns 41,929 shares of the company's stock worth $1,048,000 after acquiring an additional 660 shares during the period. Principal Financial Group Inc. increased its position in shares of 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 acquiring an additional 418 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Vitesse Energy during the fourth quarter worth $443,000. 51.63% of the stock is currently owned by institutional investors and hedge funds.

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.