FY2027 EPS Estimate for Vitesse Energy Decreased by Analyst

Vitesse Energy, Inc. (NYSE:VTS) – Northland Securities reduced their FY2027 earnings per share (EPS) estimates for Vitesse Energy in a research note issued on Thursday, July 23rd. Northland Securities analyst J. Grampp now forecasts that the company will post earnings of $0.12 per share for the year, down from their prior estimate of $0.14. Northland Securities currently has a “Outperform” rating and a $18.50 target price on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is ($0.75) per share.

A number of other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.25.

Vitesse Energy Stock Up 0.4%

VTS stock opened at $15.96 on Friday. The company’s 50 day moving average price is $16.63 and its 200 day moving average price is $18.51. The firm has a market capitalization of $665.61 million, a price-to-earnings ratio of -31.92 and a beta of 0.57. Vitesse Energy has a fifty-two week low of $15.01 and a fifty-two week high of $27.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend was Monday, June 15th. Vitesse Energy’s dividend payout ratio is -350.00%.

Insider Transactions at Vitesse Energy

In related news, Director Joseph S. Steinberg purchased 59,118 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $1,005,006.00. Following the completion of the purchase, the director directly owned 60,552 shares of the company’s stock, valued at approximately $1,029,384. This trade represents a 4,122.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada raised its stake in Vitesse Energy by 48.3% during the 1st quarter. Royal Bank of Canada now owns 36,074 shares of the company’s stock worth $888,000 after acquiring an additional 11,747 shares in the last quarter. AQR Capital Management LLC boosted its stake in Vitesse Energy by 29.7% in the first quarter. AQR Capital Management LLC now owns 21,841 shares of the company’s stock valued at $535,000 after acquiring an additional 5,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Vitesse Energy by 7.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,297 shares of the company’s stock valued at $376,000 after acquiring an additional 1,065 shares in the last quarter. Millennium Management LLC boosted its stake in Vitesse Energy by 241.7% in the first quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock valued at $4,415,000 after acquiring an additional 126,991 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Vitesse Energy by 5.1% during the first quarter. Goldman Sachs Group Inc. now owns 203,813 shares of the company’s stock worth $5,012,000 after purchasing an additional 9,943 shares during the last quarter. Institutional investors and hedge funds 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.