Vitesse Energy, Inc. (NYSE:VTS) Shareholders to Collect $0.44 Quarterly Dividend

Vitesse Energy, Inc. (NYSE:VTS) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.4375 per share on Thursday, December 31st. This represents a $1.75 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, December 15th.

Vitesse Energy has a payout ratio of 160.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vitesse Energy to earn $0.19 per share next year, which means the company may not be able to cover its $1.75 annual dividend with an expected future payout ratio of 921.1%.

Vitesse Energy Stock Down 0.5%

NYSE VTS opened at $18.25 on Thursday. Vitesse Energy has a twelve month low of $15.00 and a twelve month high of $22.91. The stock has a market cap of $768.40 million, a PE ratio of -55.30 and a beta of 0.60. The firm has a 50-day simple moving average of $17.51 and a 200 day simple moving average of $18.01. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VTS. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Wall Street Zen upgraded Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Northland Securities set a $20.50 target price on shares of Vitesse Energy in a report on Thursday, September 17th. Zacks Research upgraded Vitesse Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.50.

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.