Vitesse Energy (NYSE:VTS) Issues Earnings Results, Misses Expectations By $0.08 EPS

Vitesse Energy (NYSE:VTS - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.08), Zacks reports. Vitesse Energy had a return on equity of 7.25% and a net margin of 18.05%.

Vitesse Energy Stock Up 2.4 %

Shares of NYSE:VTS traded up $0.58 during midday trading on Tuesday, reaching $24.35. The company's stock had a trading volume of 549,871 shares, compared to its average volume of 185,822. Vitesse Energy has a 12-month low of $21.83 and a 12-month high of $28.41. The firm has a market capitalization of $740.12 million, a P/E ratio of 16.68 and a beta of 0.53. The firm has a 50 day moving average of $26.07 and a 200-day moving average of $25.83. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20.

Insider Buying and Selling

In other news, CAO Mike Morella sold 8,143 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total value of $217,336.67. Following the sale, the chief accounting officer now directly owns 81,615 shares of the company's stock, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of the firm's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now owns 63,411 shares of the company's stock, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VTS shares. Northland Securities upped their price objective on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a report on Thursday, January 16th. Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, Northland Capmk raised shares of Vitesse Energy to a "strong-buy" rating in a report on Thursday, January 16th.

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About Vitesse Energy

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.

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