Roth Mkm Forecasts Strong Price Appreciation for Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy (NYSE:VTS) had its price target increased by Roth Mkm from $30.50 to $33.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Northland Securities raised their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Evercore ISI reissued an “in-line” rating and issued a $28.00 price target on shares of Vitesse Energy in a research note on Wednesday, March 19th. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.25.

Vitesse Energy Trading Up 1.1 %

Shares of NYSE:VTS opened at $25.12 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $969.08 million, a price-to-earnings ratio of 17.21 and a beta of 0.53. Vitesse Energy has a 1-year low of $21.83 and a 1-year high of $28.41. The company has a 50 day moving average price of $25.35 and a 200 day moving average price of $25.75.

Vitesse Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 21st were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 8.96%. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from Vitesse Energy’s previous quarterly dividend of $0.53. Vitesse Energy’s payout ratio is 351.56%.

Insider Transactions at Vitesse Energy

In related news, CAO Mike Morella sold 8,143 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 18.15% of the stock is owned by insiders.

Institutional Trading of Vitesse Energy

Several large investors have recently added to or reduced their stakes in VTS. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vitesse Energy by 15.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,446 shares of the company’s stock valued at $336,000 after purchasing an additional 1,848 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Vitesse Energy in the fourth quarter worth about $189,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Vitesse Energy by 6.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 28,579 shares of the company’s stock worth $714,000 after acquiring an additional 1,757 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of Vitesse Energy by 5.8% during the 4th quarter. Two Sigma Advisers LP now owns 222,100 shares of the company’s stock valued at $5,552,000 after acquiring an additional 12,200 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Vitesse Energy by 10.0% in the 4th quarter. Two Sigma Investments LP now owns 175,664 shares of the company’s stock valued at $4,392,000 after acquiring an additional 15,944 shares in the last quarter. 51.63% of the stock is owned by institutional investors.

Vitesse Energy Company Profile

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.