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

Wall Street Zen upgraded shares of Vitesse Energy (NYSE:VTS - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday morning.

Other research analysts have also issued research reports about the company. Roth Mkm increased their target price on 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 set a $28.00 target price on shares of Vitesse Energy in a research report on Wednesday, March 19th. Alliance Global Partners started coverage on Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price objective for the company. Northland Securities downgraded Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective for the company. in a research note on Tuesday. Finally, Northland Capmk raised Vitesse Energy to a "hold" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Vitesse Energy currently has a consensus rating of "Hold" and a consensus price target of $26.50.

Vitesse Energy Price Performance

Shares of NYSE:VTS traded down $0.03 during midday trading on Thursday, reaching $20.85. 176,843 shares of the company's stock traded hands, compared to its average volume of 217,031. Vitesse Energy has a 1 year low of $18.90 and a 1 year high of $28.41. The company has a market cap of $805.18 million, a P/E ratio of 14.28 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The company has a fifty day simple moving average of $21.90 and a two-hundred day simple moving average of $24.71.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 10.79%. The ex-dividend date is Monday, June 16th. Vitesse Energy's dividend payout ratio is currently 284.81%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SouthState Corp acquired a new position in Vitesse Energy in the 1st quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Vitesse Energy in the 4th quarter worth $29,000. R Squared Ltd acquired a new stake in shares of Vitesse Energy in the 4th quarter worth $79,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Vitesse Energy in the 1st quarter worth $98,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Vitesse Energy in the 4th quarter worth $104,000. 51.63% of the stock is owned by institutional investors and hedge funds.

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.