Vitesse Energy (NYSE:VTS) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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

Vitesse Energy Trading Down 5.9%

Shares of VTS traded down $1.08 during trading hours on Monday, reaching $17.22. 427,979 shares of the company traded hands, compared to its average volume of 500,702. Vitesse Energy has a 12 month low of $15.00 and a 12 month 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 company’s fifty day moving average price is $17.56 and its two-hundred day moving average price is $18.00. The company has a market capitalization of $725.05 million, a price-to-earnings ratio of -52.19 and a beta of 0.56.

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a $0.4375 dividend. 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 -530.30%.

Wall Street Analysts Forecast Growth

VTS has been the topic of a number of research reports. Zacks Research upgraded Vitesse Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings cut Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Alliance Global Partners reiterated a “buy” rating on shares of Vitesse Energy in a research report on Tuesday, August 4th. Citigroup reiterated an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Finally, Northland Securities set a $20.50 price objective on Vitesse Energy in a report on Thursday, September 17th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company 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.