Vitesse Energy (NYSE:VTS) Issues Earnings Results, Beats Expectations By $0.03 EPS

Vitesse Energy (NYSE:VTS) released its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03, FiscalAI reports. Vitesse Energy had a negative return on equity of 0.02% and a negative net margin of 3.95%. The business had revenue of $82.95 million during the quarter, compared to the consensus estimate of $76.97 million.

Vitesse Energy Stock Performance

VTS stock opened at $17.22 on Tuesday. Vitesse Energy has a 1-year low of $15.00 and a 1-year high of $22.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm has a market cap of $725.12 million, a PE ratio of -52.19 and a beta of 0.60. The business’s 50-day moving average price is $17.56 and its two-hundred day moving average price is $17.99.

Vitesse Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.4375 per share. The ex-dividend date is Tuesday, December 15th. This represents a $1.75 annualized dividend and a yield of 10.2%. Vitesse Energy’s payout ratio is currently -530.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VTS. Northland Securities set a $20.50 target price on Vitesse Energy in a report on Thursday, September 17th. Weiss Ratings cut Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Alliance Global Partners reiterated a “buy” rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.50.

About Vitesse Energy

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.