Vitesse Energy (NYSE:VTS) Raised to Hold at Wall Street Zen

Vitesse Energy (NYSE:VTS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI lowered their target price on shares of Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research note on Tuesday. Finally, Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.50.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $20.97 on Friday. The stock has a market capitalization of $810.91 million, a P/E ratio of 41.94 and a beta of 0.59. The business has a 50 day simple moving average of $22.00 and a two-hundred day simple moving average of $23.21. Vitesse Energy has a 12 month low of $18.90 and a 12 month high of $28.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.

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

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VTS. Nuveen LLC purchased a new stake in Vitesse Energy in the first quarter valued at $10,296,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 403,843 shares during the last quarter. Millennium Management LLC increased 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 purchasing an additional 195,070 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings in 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 valued at $29,572,000 after buying an additional 193,195 shares during the period. Finally, First Wilshire Securities Management Inc. lifted its position in Vitesse Energy by 539.7% in the second quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock valued at $4,943,000 after buying an additional 188,774 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.