Vitesse Energy, Inc. (NYSE:VTS) Declares Quarterly Dividend of $0.44

Vitesse Energy, Inc. (NYSE:VTS) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Monday, March 16th will be given a dividend of 0.4375 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, March 16th.

Vitesse Energy has a dividend payout ratio of 206.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Vitesse Energy to earn $1.16 per share next year, which means the company may not be able to cover its $2.25 annual dividend with an expected future payout ratio of 194.0%.

Vitesse Energy Price Performance

VTS stock traded down $2.39 during mid-day trading on Thursday, reaching $19.73. The company’s stock had a trading volume of 537,758 shares, compared to its average volume of 377,049. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $20.38 and its two-hundred day moving average is $22.12. Vitesse Energy has a fifty-two week low of $18.84 and a fifty-two week high of $27.15. The stock has a market cap of $762.92 million, a PE ratio of 39.42 and a beta of 0.63.

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.