Analysts Set Vitesse Energy, Inc. (NYSE:VTS) Target Price at $24.50

Shares of Vitesse Energy, Inc. (NYSE:VTS) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.50.

VTS has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Thursday, November 13th. Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen downgraded shares of Vitesse Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Evercore ISI reduced their target price on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating for the company in a research note on Monday, October 6th.

Vitesse Energy Stock Down 0.3%

NYSE:VTS opened at $21.15 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $22.50 and a 200-day moving average of $23.23. The firm has a market capitalization of $817.75 million, a PE ratio of 42.29 and a beta of 0.59. Vitesse Energy has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy (NYSE:VTS) last announced its quarterly earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%.The company had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Analysts predict that Vitesse Energy will post 1.05 EPS for the current year.

Vitesse Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.25 annualized dividend and a yield of 10.6%. Vitesse Energy’s payout ratio is presently 450.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nuveen LLC acquired a new stake in Vitesse Energy in the first quarter worth about $10,296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Vitesse Energy by 2,499.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 420,001 shares of the company’s stock worth $9,757,000 after buying an additional 403,843 shares in the last quarter. Millennium Management LLC raised its position in shares of Vitesse Energy by 2,102.0% during the 3rd quarter. Millennium Management LLC now owns 204,350 shares of the company’s stock worth $4,747,000 after buying an additional 195,070 shares in the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of Vitesse Energy by 17.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,272,995 shares of the company’s stock worth $29,572,000 after acquiring an additional 193,195 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its stake in shares of Vitesse Energy by 539.7% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after acquiring an additional 188,774 shares during the period. 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.