Vitesse Energy, Inc. (NYSE:VTS) Stock Has Average Target Price of $20.25 According to Analysts

Vitesse Energy, Inc. (NYSE:VTS) has been assigned an average rating of “Hold” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.25.

Several analysts have issued reports on VTS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Vitesse Energy in a report on Monday, August 3rd. Northland Securities set a $20.50 target price on shares of Vitesse Energy in a report on Thursday, September 17th. Zacks Research downgraded shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Alliance Global Partners restated a “buy” rating on shares of Vitesse Energy in a research report on Tuesday, August 4th.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its holdings in Vitesse Energy by 13.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 1,438,529 shares of the company’s stock valued at $27,706,000 after purchasing an additional 165,534 shares during the period. Lee Danner & Bass Inc. grew its position in Vitesse Energy by 48.4% in the 1st quarter. Lee Danner & Bass Inc. now owns 346,470 shares of the company’s stock worth $6,292,000 after purchasing an additional 113,000 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Vitesse Energy by 58.6% during the 1st quarter. Gabelli Funds LLC now owns 274,804 shares of the company’s stock worth $4,990,000 after purchasing an additional 101,506 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Vitesse Energy by 230.9% during the 1st quarter. North Star Investment Management Corp. now owns 135,054 shares of the company’s stock worth $2,453,000 after purchasing an additional 94,244 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Vitesse Energy by 162.3% during the first quarter. Bank of America Corp DE now owns 140,256 shares of the company’s stock valued at $2,547,000 after buying an additional 86,777 shares during the last quarter. Institutional investors and hedge funds own 51.63% of the company’s stock.

Vitesse Energy Stock Performance

Shares of VTS opened at $16.78 on Wednesday. The firm’s 50 day moving average is $16.77 and its 200-day moving average is $17.35. The stock has a market capitalization of $706.27 million, a P/E ratio of -50.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. Vitesse Energy has a 12-month low of $15.00 and a 12-month high of $24.56.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Vitesse Energy’s dividend payout ratio is -530.30%.

About Vitesse Energy

Vitesse Energy, Inc (NYSE:VTS) is an independent energy company that invests in non-operated working interests and mineral and royalty interests in oil and natural gas properties. Rather than drilling and operating wells itself, the company partners with third-party exploration and production companies, allowing it to participate in production while relying on those operators to manage development and day-to-day operations.

The company’s portfolio is focused primarily on U.S. onshore oil and natural gas assets, including properties in regions such as the Bakken and Three Forks formations in North Dakota and other established producing basins.