Vitesse Energy's (VTS) "Buy (B-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Vitesse Energy's stock received a "buy (B-)" rating reaffirmed by Weiss Ratings, despite mixed reviews from other analysts.
• Recent price targets for Vitesse Energy have been adjusted, with Evercore ISI lowering to $20.00 and Zacks Research downgrading to "hold."
• The company's stock is currently trading at $21.93, with a market cap of $846.81 million and a 12-month price range between $18.90 and $28.41.

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

Other equities analysts have also recently issued research reports about the company. Evercore ISI lowered their target price on Vitesse Energy from $22.00 to $20.00 and set an "in-line" rating for the company in a report on Monday, October 6th. Zacks Research downgraded Vitesse Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Vitesse Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Vitesse Energy has an average rating of "Hold" and a consensus price target of $24.50.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock traded up $0.03 during midday trading on Friday, hitting $21.93. 69,929 shares of the company traded hands, compared to its average volume of 312,401. The firm's fifty day moving average price is $24.25 and its 200-day moving average price is $23.13. The stock has a market cap of $846.81 million, a price-to-earnings ratio of 20.69 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 company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 0.95.

Vitesse Energy (NYSE:VTS - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.50. The firm 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, sell-side analysts forecast that Vitesse Energy will post 1.05 earnings per share for the current year.

Institutional Trading of Vitesse Energy

Institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Vitesse Energy by 5.4% during the first quarter. Principal Financial Group Inc. now owns 9,260 shares of the company's stock worth $228,000 after purchasing an additional 476 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Vitesse Energy by 1.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,905 shares of the company's stock worth $686,000 after buying an additional 489 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Vitesse Energy by 1.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,683 shares of the company's stock worth $705,000 after buying an additional 516 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Vitesse Energy by 21.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company's stock valued at $67,000 after acquiring an additional 538 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Vitesse Energy by 74.7% during the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company's stock valued at $29,000 after acquiring an additional 557 shares during the period. 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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