Vitesse Energy, Inc. (NYSE:VTS) Receives Average Recommendation of “Hold” from Analysts

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.25.

Several research firms have issued reports on VTS. Weiss Ratings restated a “hold (c-)” rating on shares of Vitesse Energy in a research report on Monday, August 3rd. Zacks Research lowered Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Alliance Global Partners reiterated a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Northland Securities upgraded Vitesse Energy from a “market perform” rating to an “outperform” rating and set a $18.50 target price for the company in a research note on Thursday, July 23rd. Finally, Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.

Vitesse Energy Stock Down 0.1%

Vitesse Energy stock opened at $17.20 on Friday. Vitesse Energy has a 1-year low of $15.00 and a 1-year high of $26.94. The firm has a market capitalization of $724.12 million, a price-to-earnings ratio of -52.12 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $15.99 and a 200 day simple moving average of $17.83.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Vitesse Energy’s dividend payout ratio is presently -530.30%.

Insider Activity at Vitesse Energy

In other news, Director Joseph S. Steinberg acquired 40,882 shares of Vitesse Energy stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $16.16 per share, with a total value of $660,653.12. Following the completion of the purchase, the director owned 108,500 shares in the company, valued at approximately $1,753,360. The trade was a 60.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 13.94% of the company’s stock.

Institutional Trading of Vitesse Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new position in Vitesse Energy in the 1st quarter valued at $54,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Vitesse Energy by 359.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after purchasing an additional 2,307 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Vitesse Energy by 43.5% in the second 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. Tower Research Capital LLC TRC raised its position in shares of Vitesse Energy by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after buying an additional 2,432 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vitesse Energy by 51.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,439 shares of the company’s stock worth $182,000 after buying an additional 3,199 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

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.