Vitesse Energy (NYSE:VTS) Upgraded at Northland Securities

Northland Securities upgraded shares of Vitesse Energy (NYSE:VTS) from a market perform rating to an outperform rating in a research report report published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $18.50 price target on the stock. Northland Securities also issued estimates for Vitesse Energy’s FY2027 earnings at $0.12 EPS.

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

Vitesse Energy Stock Down 1.0%

Shares of Vitesse Energy stock opened at $15.77 on Thursday. The firm has a market cap of $657.81 million, a price-to-earnings ratio of -31.54 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. Vitesse Energy has a 52-week low of $15.01 and a 52-week high of $27.15. The stock has a 50-day simple moving average of $16.57 and a 200-day simple moving average of $18.49.

Vitesse Energy Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 11.1%. The ex-dividend date was Monday, June 15th. Vitesse Energy’s payout ratio is -350.00%.

Insider Transactions at Vitesse Energy

In related news, Director Joseph S. Steinberg purchased 40,882 shares of the stock in a transaction on Monday, June 15th. The shares were bought at an average price of $16.16 per share, for a total transaction of $660,653.12. Following the completion of the acquisition, the director directly owned 108,500 shares in the company, valued at approximately $1,753,360. This trade represents a 60.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.94% of the stock is owned by insiders.

Institutional Trading of Vitesse Energy

A number of institutional investors and hedge funds have recently modified their holdings of VTS. Lee Danner & Bass Inc. grew its stake in Vitesse Energy by 81.7% in the 4th quarter. Lee Danner & Bass Inc. now owns 233,470 shares of the company’s stock valued at $4,497,000 after buying an additional 104,990 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in Vitesse Energy during the 4th quarter worth $869,000. North Star Investment Management Corp. lifted its position in Vitesse Energy by 230.9% during the 1st quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock worth $2,453,000 after acquiring an additional 94,244 shares during the last quarter. Argentarii LLC bought a new stake in Vitesse Energy during the fourth quarter valued at about $561,000. Finally, Punch & Associates Investment Management Inc. boosted its holdings in Vitesse Energy by 13.0% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,438,529 shares of the company’s stock valued at $27,706,000 after acquiring an additional 165,534 shares during the period. 51.63% of the stock is currently owned by institutional investors and hedge funds.

About Vitesse Energy

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.