Vitesse Energy (NYSE:VTS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Vitesse Energy (NYSE:VTS) issued its quarterly earnings data on Monday. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01), reports. Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. The company had revenue of $67.41 million during the quarter, compared to the consensus estimate of $66.71 million.

Vitesse Energy Stock Performance

Shares of NYSE VTS traded down $0.39 during midday trading on Tuesday, hitting $18.69. The company’s stock had a trading volume of 352,371 shares, compared to its average volume of 498,914. The firm has a market capitalization of $779.56 million, a price-to-earnings ratio of 29.68 and a beta of 0.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $19.06 and a 200 day moving average price of $20.18. Vitesse Energy has a one year low of $17.22 and a one year high of $27.15.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.4375 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.75 annualized dividend and a dividend yield of 9.4%. Vitesse Energy’s dividend payout ratio (DPR) is presently 277.78%.

Analysts Set New Price Targets

Several research analysts recently issued reports on VTS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research report on Friday, March 27th. Wall Street Zen cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Vitesse Energy presently has a consensus rating of “Hold” and an average price target of $21.67.

Institutional Investors Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ausdal Financial Partners Inc. boosted its holdings in shares of Vitesse Energy by 5.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 13,364 shares of the company’s stock worth $257,000 after acquiring an additional 690 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Vitesse Energy by 3.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,957 shares of the company’s stock valued at $404,000 after purchasing an additional 786 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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. Swiss National Bank lifted its holdings in Vitesse Energy by 1.8% during the 4th quarter. Swiss National Bank now owns 57,144 shares of the company’s stock worth $1,101,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Vitesse Energy by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock worth $78,000 after purchasing an additional 1,069 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.