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

Shares of Vitesse Energy, Inc. (NYSE:VTS) have received a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.50.

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Vitesse Energy in a research note on Monday, December 29th.

Vitesse Energy Price Performance

VTS opened at $22.74 on Friday. Vitesse Energy has a fifty-two week low of $18.84 and a fifty-two week high of $27.15. The firm has a 50-day moving average of $20.28 and a 200 day moving average of $22.20. 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 firm has a market cap of $879.36 million, a P/E ratio of 45.48 and a beta of 0.63.

Insider Transactions at Vitesse Energy

In related news, President Brian Cree sold 1,440 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $19.69, for a total value of $28,353.60. Following the sale, the president directly owned 464,225 shares in the company, valued at approximately $9,140,590.25. The trade was a 0.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Mike Morella sold 5,202 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.13, for a total transaction of $104,716.26. Following the sale, the chief accounting officer directly owned 82,413 shares in the company, valued at approximately $1,658,973.69. This trade represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 341,808 shares of company stock valued at $6,758,540. Corporate insiders own 18.15% of the company’s stock.

Institutional Trading of Vitesse Energy

Several hedge funds and other institutional investors have recently modified their holdings of VTS. American Century Companies Inc. increased its position in Vitesse Energy by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock valued at $18,685,000 after acquiring an additional 140,768 shares during the period. Wedbush Securities Inc. bought a new stake in Vitesse Energy during the second quarter worth approximately $291,000. First Wilshire Securities Management Inc. grew its holdings in shares of Vitesse Energy by 539.7% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock worth $4,943,000 after acquiring an additional 188,774 shares during the last quarter. GoodHaven Capital Management LLC raised its holdings in shares of Vitesse Energy by 2.7% during the second quarter. GoodHaven Capital Management LLC now owns 552,151 shares of the company’s stock valued at $12,197,000 after acquiring an additional 14,300 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Vitesse Energy by 9.5% in the 2nd quarter. Geode Capital Management LLC now owns 695,919 shares of the company’s stock worth $15,376,000 after acquiring an additional 60,229 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

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.