Vitesse Energy (VTS) Projected to Post Quarterly Earnings on Monday

Vitesse Energy (NYSE:VTS) is expected to be releasing its earnings data before the market opens on Monday, February 24th. Analysts expect Vitesse Energy to post earnings of $0.26 per share and revenue of $58.90 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Vitesse Energy Trading Down 2.3 %

VTS opened at $26.32 on Friday. The business has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $25.76. The firm has a market capitalization of $777.43 million, a price-to-earnings ratio of 18.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy has a one year low of $20.54 and a one year high of $28.41.

Insider Transactions at Vitesse Energy

In related news, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the completion of the transaction, the vice president now owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value of $217,336.67. Following the transaction, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at approximately $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VTS. Northland Securities increased their target price on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th. Finally, Northland Capmk raised Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th.

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.