Northland Capmk Estimates Vitesse Energy FY2024 Earnings

Vitesse Energy, Inc. (NYSE:VTS) – Northland Capmk issued their FY2024 EPS estimates for Vitesse Energy in a research report issued on Thursday, January 16th. Northland Capmk analyst B. Brooks anticipates that the company will earn $1.10 per share for the year. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.07 per share. Northland Capmk also issued estimates for Vitesse Energy’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.

Other research analysts have also issued reports about the company. Northland Securities increased their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Vitesse Energy Trading Down 1.6 %

NYSE VTS opened at $26.91 on Monday. The company has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $25.54. Vitesse Energy has a 12-month low of $19.63 and a 12-month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The stock has a market cap of $794.98 million, a P/E ratio of 18.43 and a beta of 0.51.

Vitesse Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.525 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.80%. Vitesse Energy’s payout ratio is 143.84%.

Insider Buying and Selling

In related news, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares in the company, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VTS. Dimensional Fund Advisors LP increased its holdings in Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after acquiring an additional 144,166 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Vitesse Energy by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock worth $13,988,000 after buying an additional 9,724 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Vitesse Energy by 61.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after acquiring an additional 110,830 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Vitesse Energy by 267.2% in the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after acquiring an additional 207,831 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Vitesse Energy by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after acquiring an additional 853 shares during the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

About Vitesse Energy

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.