Roth Mkm Issues Positive Forecast for Vitesse Energy (NYSE:VTS) Stock Price

Vitesse Energy (NYSE:VTS - Free Report) had its price target upped by Roth Mkm from $30.50 to $33.00 in a report issued on Wednesday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Several other equities analysts also recently commented on the company. Northland Securities increased their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th. Northland Capmk upgraded shares of Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Evercore ISI restated an "in-line" rating and issued a $28.00 price objective on shares of Vitesse Energy in a report on Wednesday, March 19th. Finally, Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $30.25.

Vitesse Energy Price Performance

Vitesse Energy stock traded down $0.48 during mid-day trading on Wednesday, reaching $21.21. The company had a trading volume of 525,487 shares, compared to its average volume of 197,275. The business has a fifty day simple moving average of $25.20 and a 200 day simple moving average of $25.74. The company has a market cap of $818.24 million, a P/E ratio of 14.53 and a beta of 0.56. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy has a fifty-two week low of $20.47 and a fifty-two week high of $28.41.

Vitesse Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 21st were paid a dividend of $0.5625 per share. The ex-dividend date was Friday, March 21st. This represents a $2.25 annualized dividend and a yield of 10.61%. This is a boost from Vitesse Energy's previous quarterly dividend of $0.53. Vitesse Energy's dividend payout ratio (DPR) is currently 351.56%.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy 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 of the company's stock, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $179,263.80. Following the completion of 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. Insiders own 18.15% of the company's stock.

Institutional Trading of Vitesse Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of VTS. Meeder Asset Management Inc. bought a new position in shares of Vitesse Energy in the fourth quarter valued at $29,000. R Squared Ltd acquired a new position in Vitesse Energy during the 4th quarter valued at about $79,000. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy during the 3rd quarter worth approximately $78,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Vitesse Energy in the fourth quarter worth approximately $104,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Vitesse Energy by 2,023.8% in the first quarter. GAMMA Investing LLC now owns 6,074 shares of the company's stock valued at $149,000 after purchasing an additional 5,788 shares in the last quarter. Institutional investors own 51.63% of the company's stock.

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.