Vitesse Energy, Inc. (NYSE:VTS) Stock Rated “Hold” by Sell-Side Analysts

Shares of Vitesse Energy, Inc. (NYSE:VTS) have earned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.50.

VTS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Vitesse Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research upgraded shares of Vitesse Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded shares of Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a report on Thursday, September 17th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a research report on Tuesday, August 4th.

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in Vitesse Energy by 458.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,877 shares of the company’s stock worth $31,000 after buying an additional 1,541 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Vitesse Energy during the 2nd quarter worth about $30,000. Versant Capital Management Inc raised its stake in Vitesse Energy by 3,545.7% in the 3rd quarter. Versant Capital Management Inc now owns 2,552 shares of the company’s stock valued at $43,000 after purchasing an additional 2,482 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Vitesse Energy by 359.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock valued at $54,000 after acquiring an additional 2,307 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Vitesse Energy by 150.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock worth $56,000 after acquiring an additional 2,002 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

Vitesse Energy Stock Performance

Shares of NYSE VTS opened at $17.82 on Friday. Vitesse Energy has a 52-week low of $15.00 and a 52-week high of $22.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $17.38 and its 200-day moving average price is $17.11.

Vitesse Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Tuesday, September 15th. Vitesse Energy’s payout ratio is currently -530.30%.

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.