Vitesse Energy, Inc. (NYSE:VTS) Given Average Rating of “Hold” by Analysts

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $24.50.

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday, December 29th. Finally, Evercore ISI lowered their price target 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.

Vitesse Energy Price Performance

Shares of NYSE VTS opened at $19.32 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. Vitesse Energy has a fifty-two week low of $18.86 and a fifty-two week high of $27.49. The business has a 50 day moving average price of $20.70 and a two-hundred day moving average price of $22.83. The firm has a market cap of $747.18 million, a PE ratio of 38.64 and a beta of 0.64.

Vitesse Energy (NYSE:VTS) last announced its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.13). The business had revenue of $67.44 million during the quarter, compared to analyst estimates of $65.70 million. Vitesse Energy had a net margin of 7.70% and a return on equity of 5.71%. Sell-side analysts expect that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend was Monday, December 15th. Vitesse Energy’s dividend payout ratio is 450.00%.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. raised its stake in Vitesse Energy by 21.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,011 shares of the company’s stock worth $67,000 after acquiring an additional 538 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Vitesse Energy by 5.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,522 shares of the company’s stock worth $234,000 after purchasing an additional 557 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Vitesse Energy by 74.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the company’s stock worth $29,000 after purchasing an additional 557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Vitesse Energy by 5.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock valued at $357,000 after purchasing an additional 861 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its position in Vitesse Energy by 8.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 12,674 shares of the company’s stock valued at $294,000 after purchasing an additional 953 shares during the period. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

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.