Vitesse Energy, Inc. (NYSE:VTS – Free Report) – Equities researchers at Northland Capmk issued their FY2024 earnings estimates for shares of Vitesse Energy in a report issued on Thursday, January 16th. Northland Capmk analyst B. Brooks anticipates that the company will post earnings per share of $1.10 for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.03 per share. Northland Capmk also issued estimates for Vitesse Energy’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.
VTS has been the topic of several other research reports. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Northland Securities lifted their target price on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th.
Vitesse Energy Stock Up 0.4 %
Vitesse Energy stock opened at $27.35 on Monday. The firm has a market capitalization of $807.92 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. The firm’s fifty day moving average price is $26.59 and its two-hundred day moving average price is $25.54. Vitesse Energy has a 1-year low of $19.63 and a 1-year high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.
Vitesse Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date was Monday, December 16th. Vitesse Energy’s payout ratio is 143.84%.
Insider Buying and Selling at Vitesse Energy
In related news, VP Michael Sabol sold 6,714 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value of $179,263.80. Following the transaction, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. The trade was a 9.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its holdings in shares of Vitesse Energy by 2,301.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares during the period. Quest Partners LLC bought a new stake in shares of Vitesse Energy in the third quarter valued at $34,000. nVerses Capital LLC lifted its position in shares of Vitesse Energy by 54.5% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after buying an additional 600 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy during the 3rd quarter worth $78,000. Finally, Quent Capital LLC increased its holdings in Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after acquiring an additional 1,141 shares during the last quarter. 51.63% of the stock is currently owned by hedge funds and other institutional investors.
About Vitesse Energy
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.
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