Vitesse Energy (NYSE:VTS) Raised to “Outperform” at Northland Securities

Vitesse Energy (NYSE:VTS) was upgraded by equities research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a $18.50 price objective on the stock. Northland Securities’ price target suggests a potential upside of 17.30% from the company’s previous close. Northland Securities also issued estimates for Vitesse Energy’s FY2027 earnings at $0.12 EPS.

Other research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Zacks Research cut Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Vitesse Energy currently has a consensus rating of “Hold” and a consensus target price of $19.25.

Vitesse Energy Stock Performance

Vitesse Energy stock opened at $15.77 on Thursday. The company’s 50-day moving average price is $16.57 and its 200-day moving average price is $18.49. Vitesse Energy has a twelve month low of $15.01 and a twelve month high of $27.15. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.25. The company has a market cap of $657.81 million, a PE ratio of -31.54 and a beta of 0.57.

Insider Activity

In other news, Director Joseph S. Steinberg purchased 40,882 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $16.16 per share, with a total value of $660,653.12. Following the purchase, the director owned 108,500 shares in the company, valued at approximately $1,753,360. This trade represents a 60.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.94% of the company’s stock.

Institutional Trading of Vitesse Energy

Institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Vitesse Energy by 359.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock valued at $54,000 after buying an additional 2,307 shares during the last quarter. Strs Ohio purchased a new position in Vitesse Energy during the 1st quarter valued at $54,000. Osaic Holdings Inc. grew its position in Vitesse Energy by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock valued at $78,000 after acquiring an additional 1,069 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Vitesse Energy by 179.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after purchasing an additional 2,432 shares during the period. Finally, Daytona Street Capital LLC purchased a new stake in Vitesse Energy in the fourth quarter worth $154,000. 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.