Vitesse Energy, Inc. (VTS) To Go Ex-Dividend on June 15th

Vitesse Energy, Inc. (NYSE:VTS) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.4375 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, June 15th.

Vitesse Energy has a dividend payout ratio of 160.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vitesse Energy to earn $0.14 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 1,250.0%.

Vitesse Energy Stock Up 2.1%

Shares of Vitesse Energy stock opened at $17.16 on Friday. The business’s fifty day moving average price is $18.07 and its two-hundred day moving average price is $19.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $715.74 million, a P/E ratio of -34.32 and a beta of 0.54. Vitesse Energy has a 1-year low of $16.69 and a 1-year high of $27.15.

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.