Vitesse Energy (VTS) to Release Quarterly Earnings on Monday

Vitesse Energy (NYSE:VTS - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $58.90 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Vitesse Energy Stock Performance

NYSE:VTS traded up $0.42 during midday trading on Wednesday, reaching $27.11. 162,451 shares of the company traded hands, compared to its average volume of 174,311. Vitesse Energy has a twelve month low of $20.54 and a twelve month high of $28.41. The firm has a market capitalization of $800.68 million, a price-to-earnings ratio of 18.57 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day moving average price of $26.09 and a 200 day moving average price of $25.73.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

VTS has been the subject of a number of analyst reports. Northland Capmk upgraded Vitesse Energy to a "strong-buy" rating in a research report on Thursday, January 16th. Alliance Global Partners upgraded Vitesse Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Finally, Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an "outperform" rating in a research report on Thursday, January 16th.

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.