Vitesse Energy (NYSE:VTS) Stock Rating Lowered by Alliance Global Partners

Vitesse Energy (NYSE:VTS) was downgraded by Alliance Global Partners from a “buy” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat reports. They presently have a $26.00 price target on the stock. Alliance Global Partners’ target price would indicate a potential downside of 5.87% from the stock’s previous close.

Vitesse Energy Stock Performance

NYSE VTS opened at $27.62 on Wednesday. Vitesse Energy has a 1 year low of $19.63 and a 1 year high of $27.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $816.01 million, a PE ratio of 18.92 and a beta of 0.22. The company’s 50 day simple moving average is $24.98 and its two-hundred day simple moving average is $24.55.

Vitesse Energy (NYSE:VTS) last posted its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a return on equity of 7.22% and a net margin of 18.05%. The firm had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $63.89 million.

Insider Transactions at Vitesse Energy

In related news, CEO Robert W. Gerrity purchased 10,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $24.73 per share, with a total value of $247,300.00. Following the acquisition, the chief executive officer now directly owns 495,311 shares of the company’s stock, valued at approximately $12,249,041.03. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Vitesse Energy

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Vitesse Energy by 18.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after buying an additional 144,166 shares during the last quarter. LSV Asset Management grew its holdings in shares of Vitesse Energy by 2.2% during the 2nd quarter. LSV Asset Management now owns 388,397 shares of the company’s stock valued at $9,205,000 after purchasing an additional 8,185 shares during the last quarter. Cove Street Capital LLC grew its holdings in shares of Vitesse Energy by 26.3% during the 1st quarter. Cove Street Capital LLC now owns 351,365 shares of the company’s stock valued at $8,338,000 after purchasing an additional 73,102 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after purchasing an additional 207,831 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Vitesse Energy by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 277,465 shares of the company’s stock valued at $6,576,000 after purchasing an additional 7,513 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

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.