Vitesse Energy (NYSE:VTS) Stock Rating Lowered by Zacks Research

Vitesse Energy (NYSE:VTS) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms also recently commented on VTS. Wall Street Zen downgraded Vitesse Energy from a “hold” rating to a “strong sell” rating in a research 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 note on Wednesday, May 6th. Finally, Northland Securities set a $20.00 target price on Vitesse Energy in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $20.00.

Vitesse Energy Stock Down 1.4%

NYSE VTS opened at $15.49 on Wednesday. The stock has a market capitalization of $646.30 million, a PE ratio of -30.99 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56. Vitesse Energy has a fifty-two week low of $15.42 and a fifty-two week high of $27.15. The business has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $18.92.

Insider Transactions at Vitesse Energy

In other news, Director Joseph S. Steinberg bought 40,882 shares of the stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $16.16 per share, for a total transaction of $660,653.12. Following the purchase, the director directly owned 108,500 shares of the company’s stock, valued at $1,753,360. This trade represents a 60.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in shares of Vitesse Energy by 12.9% during the third quarter. American Century Companies Inc. now owns 954,590 shares of the company’s stock worth $22,175,000 after acquiring an additional 108,742 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of Vitesse Energy by 81.7% during the fourth quarter. Lee Danner & Bass Inc. now owns 233,470 shares of the company’s stock valued at $4,497,000 after acquiring an additional 104,990 shares during the last quarter. North Star Investment Management Corp. raised its position in Vitesse Energy by 230.9% during the 1st quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock valued at $2,453,000 after purchasing an additional 94,244 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Vitesse Energy during the fourth quarter valued at approximately $869,000. Finally, Argentarii LLC purchased a new stake in Vitesse Energy in the fourth quarter worth $561,000. 51.63% of the stock is currently owned by institutional investors.

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.