Vitesse Energy (NYSE:VTS) Upgraded 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 report published on Thursday.

VTS has been the topic of several other research reports. Evercore ISI reiterated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Northland Capmk upgraded shares of Vitesse Energy to a "hold" rating in a research note on Tuesday, May 20th. Roth Mkm upped their price objective on shares of Vitesse Energy from $30.50 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, April 2nd. Alliance Global Partners initiated coverage on shares of Vitesse Energy in a research note on Wednesday, May 14th. They issued a "buy" rating and a $26.00 price objective on the stock. Finally, Northland Securities lowered shares of Vitesse Energy from an "outperform" rating to a "market perform" rating and set a $19.00 price objective on the stock. in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Vitesse Energy presently has an average rating of "Hold" and a consensus target price of $26.50.

Vitesse Energy Trading Up 1.8%

Shares of VTS stock traded up $0.38 during trading hours on Thursday, reaching $21.21. 77,496 shares of the stock traded hands, compared to its average volume of 216,493. Vitesse Energy has a 1-year low of $18.90 and a 1-year high of $28.41. The business has a fifty day moving average price of $21.83 and a 200 day moving average price of $24.65. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $819.00 million, a PE ratio of 14.55 and a beta of 0.67.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 10.61%. The ex-dividend date of this dividend is Monday, June 16th. Vitesse Energy's dividend payout ratio is 284.81%.

Institutional Trading of Vitesse Energy

Large investors have recently added to or reduced their stakes in the business. SouthState Corp bought a new stake in Vitesse Energy in the first quarter worth approximately $25,000. Meeder Asset Management Inc. bought a new stake in Vitesse Energy in the fourth quarter worth approximately $29,000. R Squared Ltd bought a new stake in Vitesse Energy in the fourth quarter worth approximately $79,000. Northwestern Mutual Wealth Management Co. bought a new stake in Vitesse Energy in the first quarter worth approximately $98,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vitesse Energy in the fourth quarter worth approximately $104,000. 51.63% of the stock is owned by institutional investors.

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.