Alliance Global Partners Begins Coverage on Vitesse Energy (NYSE:VTS)

Research analysts at Alliance Global Partners started coverage on shares of Vitesse Energy (NYSE:VTS) in a research report issued on Thursday, Briefing.com reports. The firm set a “buy” rating and a $27.00 price target on the stock. Alliance Global Partners’ price objective suggests a potential upside of 19.73% from the stock’s current price.

A number of other equities research analysts also recently weighed in on VTS. Roth Mkm initiated coverage on Vitesse Energy in a research report on Monday, October 16th. They set a “buy” rating and a $30.50 price target on the stock. Northland Securities raised Vitesse Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $24.00 to $28.00 in a report on Tuesday, October 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Vitesse Energy currently has a consensus rating of “Buy” and a consensus target price of $26.10.

Vitesse Energy Trading Down 2.4 %

VTS stock opened at $22.55 on Thursday. The firm has a 50 day simple moving average of $23.15 and a two-hundred day simple moving average of $22.84. Vitesse Energy has a one year low of $13.90 and a one year high of $27.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.50 and a quick ratio of 0.50.

Insider Activity at Vitesse Energy

In other Vitesse Energy news, Director Leary Dan O bought 4,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $23.46 per share, with a total value of $93,840.00. Following the completion of the purchase, the director now owns 12,333 shares of the company’s stock, valued at $289,332.18. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Leary Dan O bought 4,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $23.46 per share, with a total value of $93,840.00. Following the completion of the purchase, the director now owns 12,333 shares in the company, valued at approximately $289,332.18. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO James P. Henderson purchased 10,000 shares of Vitesse Energy stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $22.99 per share, with a total value of $229,900.00. Following the completion of the acquisition, the chief financial officer now directly owns 190,000 shares of the company’s stock, valued at $4,368,100. The disclosure for this purchase can be found here. Insiders acquired a total of 33,000 shares of company stock valued at $768,780 in the last three months.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Metropolitan Life Insurance Co NY purchased a new position in shares of Vitesse Energy during the second quarter valued at approximately $31,000. Carmel Capital Partners LLC bought a new stake in shares of Vitesse Energy during the 2nd quarter valued at $33,000. US Bancorp DE purchased a new position in shares of Vitesse Energy in the second quarter valued at about $35,000. Optimum Investment Advisors purchased a new stake in shares of Vitesse Energy during the second quarter worth about $45,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Vitesse Energy during the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 52.55% of the company’s stock.

Vitesse Energy Company Profile

Vitesse Energy, Inc focuses on acquisition, ownership, exploration, development, management, production, exploitation, and dispose of oil and gas properties. The company acquires non-operated working interest and royalty interest ownership primarily in the core of the Bakken Field in North Dakota and Montana.