Vitesse Energy (NYSE:VTS) Coverage Initiated at Alliance Global Partners

Analysts at Alliance Global Partners began coverage on shares of Vitesse Energy (NYSE:VTS) in a research report issued on Wednesday. The firm set a “buy” rating and a $26.00 price target on the stock. Alliance Global Partners’ target price suggests a potential upside of 16.12% from the stock’s current price.

Several other equities analysts have also recently commented on VTS. Northland Securities increased their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Evercore ISI reiterated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research note on Wednesday, March 19th. Finally, Roth Mkm lifted their price target on shares of Vitesse Energy from $30.50 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $29.50.

Vitesse Energy Stock Down 1.3%

Shares of NYSE VTS opened at $22.39 on Wednesday. The stock has a fifty day moving average price of $22.19 and a 200 day moving average price of $24.88. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market cap of $864.57 million, a P/E ratio of 15.34 and a beta of 0.67. Vitesse Energy has a 12-month low of $18.90 and a 12-month high of $28.41.

Institutional Investors Weigh In On Vitesse Energy

A number of institutional investors have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Vitesse Energy in the 1st quarter valued at $10,296,000. one8zero8 LLC bought a new position in Vitesse Energy in the 4th quarter worth $3,330,000. Dimensional Fund Advisors LP raised its holdings in Vitesse Energy by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,161,250 shares of the company’s stock worth $29,031,000 after acquiring an additional 125,988 shares during the period. Marshall Wace LLP raised its holdings in Vitesse Energy by 877.8% in the 4th quarter. Marshall Wace LLP now owns 121,468 shares of the company’s stock worth $3,037,000 after acquiring an additional 109,046 shares during the period. Finally, American Century Companies Inc. raised its holdings in Vitesse Energy by 18.6% in the 4th quarter. American Century Companies Inc. now owns 614,078 shares of the company’s stock worth $15,352,000 after acquiring an additional 96,463 shares during the period. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.