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

Vitesse Energy, Inc. (NYSE:VTS) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.50.

A number of brokerages have commented on VTS. Weiss Ratings reissued a “hold (c)” rating on shares of Vitesse Energy in a research report on Monday. Evercore ISI lowered 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. Zacks Research lowered Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 28th.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Vitesse Energy by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,351,220 shares of the company’s stock worth $31,389,000 after buying an additional 35,320 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Vitesse Energy by 17.9% during 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 in the last quarter. American Century Companies Inc. raised its stake in Vitesse Energy by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock worth $22,175,000 after acquiring an additional 108,742 shares in the last quarter. Geode Capital Management LLC lifted its position in Vitesse Energy by 9.5% in the second quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock valued at $15,376,000 after acquiring an additional 60,229 shares during the last quarter. Finally, GoodHaven Capital Management LLC boosted its stake in Vitesse Energy by 0.8% in the third quarter. GoodHaven Capital Management LLC now owns 556,501 shares of the company’s stock valued at $12,928,000 after acquiring an additional 4,350 shares in the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of VTS opened at $19.23 on Friday. Vitesse Energy has a 1 year low of $18.86 and a 1 year high of $27.49. The stock has a market capitalization of $743.62 million, a PE ratio of 38.46 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day simple moving average of $20.84 and a 200-day simple moving average of $22.92.

Vitesse Energy (NYSE:VTS) last released its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share 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 for the quarter, compared to analysts’ expectations of $65.70 million. On average, analysts predict that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.5625 per share. The ex-dividend date was Monday, December 15th. This represents a $2.25 annualized dividend and a yield of 11.7%. Vitesse Energy’s payout ratio is presently 450.00%.

About Vitesse Energy

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.