Vitesse Energy (NYSE:VTS) Reaches New 12-Month Low – Time to Sell?

Vitesse Energy, Inc. (NYSE:VTS) reached a new 52-week low during trading on Thursday . The company traded as low as $15.80 and last traded at $15.9250, with a volume of 113007 shares. The stock had previously closed at $16.04.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on VTS shares. Wall Street Zen lowered shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings lowered shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Northland Securities set a $20.00 price target on shares of Vitesse Energy in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.00.

Vitesse Energy Stock Up 0.2%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $19.37. The firm has a market capitalization of $670.31 million, a PE ratio of -32.12 and a beta of 0.54.

Vitesse Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a yield of 10.9%. Vitesse Energy’s dividend payout ratio is -350.00%.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, Director Joseph S. Steinberg bought 59,118 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $1,005,006.00. Following the acquisition, the director directly owned 60,552 shares in the company, valued at approximately $1,029,384. The trade was a 4,122.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.94% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vitesse Energy

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in shares of Vitesse Energy by 203.6% during the third quarter. Jones Financial Companies Lllp now owns 1,770 shares of the company’s stock valued at $43,000 after purchasing an additional 1,187 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in 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 period. Strs Ohio bought a new position in Vitesse Energy in the first quarter worth approximately $54,000. Osaic Holdings Inc. raised its stake in Vitesse Energy by 43.5% in the second quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock worth $78,000 after buying an additional 1,069 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Vitesse Energy by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after buying an additional 2,432 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

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.