Vitesse Energy, Inc. (NYSE:VTS) Receives Consensus Rating of “Hold” from Analysts

Vitesse Energy, Inc. (NYSE:VTS) has received a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research 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 brokers that have updated their coverage on the stock in the last year is $24.50.

Several analysts recently weighed in on VTS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Evercore ISI reduced their price target 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. Finally, Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th.

Insider Activity

In related news, CEO Robert W. Gerrity sold 90,737 shares of Vitesse Energy stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.14, for a total transaction of $1,827,443.18. Following the completion of the transaction, the chief executive officer owned 514,693 shares of the company’s stock, valued at $10,365,917.02. This trade represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Mike Morella sold 5,202 shares of Vitesse Energy stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total transaction of $104,716.26. Following the completion of the sale, the chief accounting officer owned 82,413 shares of the company’s stock, valued at $1,658,973.69. This represents a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 341,808 shares of company stock valued at $6,758,540 over the last quarter. 18.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTS. Daytona Street Capital LLC acquired a new position in shares of Vitesse Energy during the fourth quarter worth approximately $154,000. Stratos Wealth Partners LTD. acquired a new position in Vitesse Energy during the fourth quarter worth $324,000. Harbor Capital Advisors Inc. raised its holdings in Vitesse Energy by 3.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 143,772 shares of the company’s stock worth $2,769,000 after buying an additional 5,127 shares during the last quarter. Argentarii LLC bought a new position in shares of Vitesse Energy in the fourth quarter valued at $561,000. Finally, SG Americas Securities LLC grew its holdings in shares of Vitesse Energy by 37.7% during the fourth quarter. SG Americas Securities LLC now owns 40,740 shares of the company’s stock valued at $785,000 after buying an additional 11,155 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Stock Up 1.5%

NYSE:VTS opened at $19.83 on Tuesday. Vitesse Energy has a twelve month low of $18.84 and a twelve month high of $27.17. The firm has a market capitalization of $766.63 million, a price-to-earnings ratio of 39.65 and a beta of 0.64. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $20.24 and its two-hundred day moving average price is $22.50.

Vitesse Energy (NYSE:VTS) last released its quarterly earnings data 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 net margin of 7.70% and a return on equity of 5.71%. The business had revenue of $67.44 million during the quarter, compared to the consensus estimate of $65.70 million. Equities research analysts expect that Vitesse Energy will post 1.05 earnings per share for the current fiscal year.

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.