Vitesse Energy (NYSE:VTS) Cut to Sell at Wall Street Zen

Vitesse Energy (NYSE:VTS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on VTS. Evercore ISI dropped their price objective on Vitesse Energy from $22.00 to $20.00 and set an “in-line” rating on the stock in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vitesse Energy in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Vitesse Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Vitesse Energy has an average rating of “Hold” and an average price target of $24.50.

Vitesse Energy Stock Up 0.7%

Shares of NYSE:VTS traded up $0.14 on Friday, hitting $21.11. 546,969 shares of the company traded hands, compared to its average volume of 357,956. The stock has a 50 day simple moving average of $23.27 and a 200-day simple moving average of $23.22. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market cap of $816.52 million, a PE ratio of 42.23 and a beta of 0.59. Vitesse Energy has a 52 week low of $18.90 and a 52 week high of $28.41.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, November 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The firm had revenue of $67.44 million during the quarter, compared to analysts’ expectations of $65.70 million. Vitesse Energy had a return on equity of 5.71% and a net margin of 7.70%. As a group, research analysts expect that Vitesse Energy will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds have recently modified their holdings of VTS. Nuveen LLC purchased a new stake in Vitesse Energy in the 1st quarter worth $10,296,000. First Wilshire Securities Management Inc. raised its stake in Vitesse Energy by 539.7% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 223,754 shares of the company’s stock valued at $4,943,000 after purchasing an additional 188,774 shares during the period. American Century Companies Inc. lifted its holdings in Vitesse Energy by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 845,848 shares of the company’s stock worth $18,685,000 after purchasing an additional 140,768 shares in the last quarter. Millennium Management LLC grew its holdings in Vitesse Energy by 241.7% during the 1st quarter. Millennium Management LLC now owns 179,532 shares of the company’s stock valued at $4,415,000 after buying an additional 126,991 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Vitesse Energy by 113.2% during the second quarter. Invesco Ltd. now owns 149,470 shares of the company’s stock worth $3,302,000 after acquiring an additional 79,373 shares during the last quarter. 51.63% of the stock is currently owned by institutional investors.

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.