Vitesse Energy’s (VTS) “In-Line” Rating Reiterated at Evercore ISI

Vitesse Energy (NYSE:VTS)‘s stock had its “in-line” rating reaffirmed by analysts at Evercore ISI in a report released on Wednesday,Benzinga reports. They presently have a $28.00 price objective on the stock. Evercore ISI’s price objective suggests a potential upside of 17.70% from the stock’s previous close.

VTS has been the subject of several other research reports. Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Finally, Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th.

Vitesse Energy Trading Down 0.2 %

NYSE VTS opened at $23.79 on Wednesday. The firm has a market cap of $917.77 million, a PE ratio of 16.29 and a beta of 0.53. Vitesse Energy has a 1-year low of $21.83 and a 1-year high of $28.41. The stock has a 50-day moving average of $25.87 and a 200-day moving average of $25.77. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Insider Buying and Selling

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

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTS. Meeder Asset Management Inc. bought a new stake in Vitesse Energy in the fourth quarter worth $29,000. Quest Partners LLC bought a new stake in Vitesse Energy in the third quarter worth $34,000. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy in the third quarter worth $78,000. R Squared Ltd bought a new stake in Vitesse Energy in the fourth quarter worth $79,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Vitesse Energy in the fourth quarter worth $104,000. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Company Profile

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.