Vitesse Energy, Inc. (NYSE:VTS) Given Average Rating of “Hold” by Analysts

Vitesse Energy, Inc. (NYSE:VTS) has earned a consensus recommendation of “Hold” from the four analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.00.

A number of research analysts have recently commented on the company. Wall Street Zen cut Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 7th. Weiss Ratings cut Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Northland Securities set a $20.00 price objective on shares of Vitesse Energy in a report on Wednesday, May 6th.

Vitesse Energy Trading Down 0.3%

Shares of VTS stock opened at $18.12 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The firm has a market cap of $755.70 million, a P/E ratio of -36.24 and a beta of 0.62. The company has a 50 day moving average of $18.65 and a 200-day moving average of $20.00. Vitesse Energy has a 12-month low of $17.22 and a 12-month high of $27.15.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.01 by ($0.01). Vitesse Energy had a negative net margin of 7.15% and a positive return on equity of 3.53%. The firm had revenue of $67.41 million during the quarter, compared to analysts’ expectations of $66.71 million. Sell-side analysts anticipate that Vitesse Energy will post -0.75 earnings per share for the current year.

Vitesse Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 annualized dividend and a dividend yield of 9.7%. Vitesse Energy’s payout ratio is -350.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Lido Advisors LLC bought a new stake in Vitesse Energy during the 1st quarter valued at $183,000. Militia Capital Management LLC bought a new position in shares of Vitesse Energy in the first quarter worth $1,046,000. First Trust Advisors LP grew its position in shares of Vitesse Energy by 33.9% in the first quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock valued at $6,136,000 after purchasing an additional 85,637 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Vitesse Energy by 32.9% in the first quarter. PNC Financial Services Group Inc. now owns 39,749 shares of the company’s stock valued at $722,000 after purchasing an additional 9,838 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Vitesse Energy by 359.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock valued at $54,000 after purchasing an additional 2,307 shares during the period. 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.