Vitesse Energy, Inc. (NYSE:VTS) Stock Has Consensus Price Target of $20.50 According to Analysts

Shares of Vitesse Energy, Inc. (NYSE:VTS) have been assigned an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.50.

Several equities research analysts have recently commented on VTS shares. Zacks Research raised Vitesse Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Northland Securities set a $20.50 price target on Vitesse Energy in a research report on Thursday, September 17th. Citigroup reissued an “outperform” rating on shares of Vitesse Energy in a research note on Thursday, September 17th. Weiss Ratings downgraded Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Alliance Global Partners restated a “buy” rating on shares of Vitesse Energy in a report on Tuesday, August 4th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Lee Danner & Bass Inc. raised its position in Vitesse Energy by 48.4% during the first quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company’s stock valued at $6,292,000 after buying an additional 113,000 shares during the period. Gabelli Funds LLC lifted its stake in Vitesse Energy by 58.6% in the 1st quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock worth $4,990,000 after acquiring an additional 101,506 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Vitesse Energy by 230.9% in the 1st quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock worth $2,453,000 after acquiring an additional 94,244 shares in the last quarter. Bank of America Corp DE lifted its stake in Vitesse Energy by 162.3% in the 1st quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock worth $2,547,000 after acquiring an additional 86,777 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Vitesse Energy by 33.9% in the 1st quarter. First Trust Advisors LP now owns 337,885 shares of the company’s stock worth $6,136,000 after acquiring an additional 85,637 shares in the last quarter. 51.63% of the stock is owned by hedge funds and other institutional investors.

Vitesse Energy Stock Performance

Shares of NYSE VTS opened at $18.27 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $769.41 million, a price-to-earnings ratio of -55.38 and a beta of 0.60. The stock’s fifty day simple moving average is $17.42 and its 200 day simple moving average is $17.12. Vitesse Energy has a 52-week low of $15.00 and a 52-week high of $22.91.

Vitesse Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 9.6%. The ex-dividend date was Tuesday, September 15th. Vitesse Energy’s dividend payout ratio (DPR) is presently -530.30%.

About Vitesse Energy

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.