Vitesse Energy (NYSE:VTS) Hits New 1-Year Low – Should You Sell?

Shares of Vitesse Energy, Inc. (NYSE:VTS) hit a new 52-week low during trading on Wednesday . The company traded as low as $17.01 and last traded at $17.3150, with a volume of 47996 shares changing hands. The stock had previously closed at $17.40.

Analyst Ratings Changes

A number of brokerages have commented on VTS. Weiss Ratings cut shares of Vitesse Energy from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Vitesse Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, March 7th. Finally, Northland Securities set a $20.00 target price on shares of Vitesse Energy in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Vitesse Energy has an average rating of “Hold” and a consensus price target of $20.00.

Vitesse Energy Trading Down 1.2%

The firm has a market capitalization of $716.87 million, a P/E ratio of -34.39 and a beta of 0.62. The stock’s 50-day simple moving average is $18.43 and its two-hundred day simple moving average is $19.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.56 and a quick ratio of 0.56.

Vitesse Energy (NYSE:VTS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). The firm had revenue of $67.41 million during the quarter, compared to the consensus estimate of $66.71 million. Vitesse Energy had a positive return on equity of 3.53% and a negative net margin of 7.15%. Equities research analysts expect that Vitesse Energy, Inc. will post -0.75 EPS for the current year.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, June 15th. Vitesse Energy’s dividend payout ratio is presently -350.00%.

Hedge Funds Weigh In On Vitesse Energy

A number of hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of Vitesse Energy by 2.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 20,776 shares of the company’s stock worth $400,000 after purchasing an additional 530 shares during the period. Ausdal Financial Partners Inc. boosted its position in shares of Vitesse Energy by 5.4% in the fourth quarter. Ausdal Financial Partners Inc. now owns 13,364 shares of the company’s stock worth $257,000 after purchasing an additional 690 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Vitesse Energy by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,911 shares of the company’s stock worth $576,000 after purchasing an additional 756 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Vitesse Energy by 3.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,957 shares of the company’s stock worth $404,000 after purchasing an additional 786 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Vitesse Energy by 5.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,158 shares of the company’s stock worth $357,000 after purchasing an additional 861 shares during the period. 51.63% of the stock is currently owned by institutional investors.

Vitesse Energy Company Profile

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.