Vitesse Energy, Inc. (NYSE:VTS - Free Report) - Equities research analysts at Northland Capmk issued their FY2024 EPS estimates for shares of Vitesse Energy in a report released on Thursday, January 16th. Northland Capmk analyst B. Brooks forecasts that the company will post earnings of $1.10 per share for the year. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Vitesse Energy's current full-year earnings is $1.03 per share. Northland Capmk also issued estimates for Vitesse Energy's Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.
A number of other analysts also recently issued reports on the company. Alliance Global Partners raised Vitesse Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th. Northland Securities upped their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an "outperform" rating in a report on Thursday.
Read Our Latest Report on VTS
Vitesse Energy Trading Up 0.4 %
NYSE:VTS traded up $0.10 on Monday, reaching $27.35. The company's stock had a trading volume of 155,326 shares, compared to its average volume of 207,399. Vitesse Energy has a 12-month low of $19.63 and a 12-month high of $28.41. The stock has a 50 day moving average price of $26.59 and a 200 day moving average price of $25.54. The firm has a market cap of $807.92 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.
Institutional Investors Weigh In On Vitesse Energy
Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in Vitesse Energy by 2,301.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company's stock worth $33,000 after purchasing an additional 1,312 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Vitesse Energy in the third quarter worth $34,000. nVerses Capital LLC raised its holdings in Vitesse Energy by 54.5% in the third quarter. nVerses Capital LLC now owns 1,700 shares of the company's stock valued at $41,000 after acquiring an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Vitesse Energy during the 3rd quarter worth $78,000. Finally, Quent Capital LLC grew its holdings in Vitesse Energy by 25.7% during the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company's stock worth $134,000 after acquiring an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 51.63% of the company's stock.
Insider Activity
In related news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now directly owns 63,411 shares of the company's stock, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Mike Morella sold 8,143 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value of $217,336.67. Following the completion of the sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company's stock.
Vitesse Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.525 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.10 dividend on an annualized basis and a yield of 7.68%. Vitesse Energy's dividend payout ratio is presently 143.84%.
About Vitesse Energy
(
Get Free Report)
Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.
Featured Stories
Before you consider Vitesse Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vitesse Energy wasn't on the list.
While Vitesse Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
