Vitesse Energy (NYSE:VTS) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vitesse Energy from “sell” to “hold,” while analysts’ consensus remains “Hold” with an average price target of $19.25.
• Vitesse shares were trading at $15.79, near their one-year low of $15.00 and below both their 50-day and 200-day moving averages.
• Director Joseph S. Steinberg bought 40,882 shares for approximately $660,653, while institutional investors own 51.63% of the company.

Vitesse Energy (NYSE:VTS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Several other equities analysts have also recently commented on the stock. Northland Securities upgraded shares of Vitesse Energy from a "market perform" rating to an "outperform" rating and set a $18.50 price target on the stock in a report on Thursday, July 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Vitesse Energy in a report on Tuesday. Weiss Ratings reissued a "hold (c-)" rating on shares of Vitesse Energy in a research report on Monday. Finally, Zacks Research downgraded Vitesse Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.25.

Vitesse Energy Trading Up 0.4%

NYSE:VTS opened at $15.79 on Friday. The stock has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $18.21. The firm has a market capitalization of $664.76 million, a price-to-earnings ratio of -47.85 and a beta of 0.58. Vitesse Energy has a 1-year low of $15.00 and a 1-year high of $27.15. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling

In other Vitesse Energy news, Director Joseph S. Steinberg purchased 40,882 shares of the company's stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $16.16 per share, for a total transaction of $660,653.12. Following the purchase, the director directly owned 108,500 shares in the company, valued at $1,753,360. This trade represents a 60.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vitesse Energy

Large investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in Vitesse Energy during the first quarter worth $54,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Vitesse Energy by 359.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company's stock worth $54,000 after acquiring an additional 2,307 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Vitesse Energy by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company's stock worth $78,000 after acquiring an additional 1,069 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Vitesse Energy by 179.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company's stock worth $84,000 after acquiring an additional 2,432 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Vitesse Energy by 51.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,439 shares of the company's stock valued at $182,000 after acquiring an additional 3,199 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

About Vitesse Energy

Vitesse Energy NYSE: VTS is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.

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