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

Vitesse Energy, Inc. (NYSE:VTS) has received an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

A number of equities analysts recently commented on VTS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Wall Street Zen cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, March 7th.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 5,202 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total transaction of $104,716.26. Following the completion of the transaction, the chief accounting officer directly owned 82,413 shares of the company’s stock, valued at approximately $1,658,973.69. This trade represents a 5.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael Sabol sold 4,497 shares of Vitesse Energy stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $90,569.58. Following the sale, the vice president owned 64,914 shares of the company’s stock, valued at approximately $1,307,367.96. The trade was a 6.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 341,808 shares of company stock worth $6,758,540. 18.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Vitesse Energy

A number of large investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of Vitesse Energy by 141.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,845 shares of the company’s stock worth $594,000 after acquiring an additional 18,062 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Vitesse Energy by 15.1% in the fourth quarter. NewEdge Advisors LLC now owns 20,199 shares of the company’s stock worth $389,000 after buying an additional 2,648 shares in the last quarter. VARCOV Co. purchased a new position in shares of Vitesse Energy in the fourth quarter worth about $822,000. Odyssean LLC acquired a new position in Vitesse Energy during the fourth quarter worth about $232,000. Finally, Millennium Management LLC grew its stake in Vitesse Energy by 44.2% during the 4th quarter. Millennium Management LLC now owns 294,657 shares of the company’s stock valued at $5,675,000 after acquiring an additional 90,307 shares in the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

NYSE VTS opened at $18.96 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $754.19 million, a PE ratio of 30.09 and a beta of 0.68. Vitesse Energy has a 1-year low of $17.44 and a 1-year high of $27.15. The business has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $21.23.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.12). Vitesse Energy had a net margin of 9.23% and a return on equity of 4.38%. The company had revenue of $58.62 million for the quarter, compared to analysts’ expectations of $67.10 million. On average, research analysts predict that Vitesse Energy will post 1.05 EPS for the current fiscal year.

Vitesse Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, March 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 277.78%.

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.