Vitesse Energy (NYSE:VTS) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

Vitesse Energy (NYSE:VTS – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vitesse Energy in a report on Monday, August 3rd. Northland Securities upgraded Vitesse Energy from a “market perform” rating to an “outperform” rating and set a $18.50 price objective for the company in a research report on Thursday, July 23rd. Zacks Research lowered Vitesse Energy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Vitesse Energy in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.25.

Read Our Latest Stock Report on Vitesse Energy

Vitesse Energy Stock Performance

Shares of Vitesse Energy stock opened at $15.79 on Friday. The stock has a market cap of $664.76 million, a price-to-earnings ratio of -47.85 and a beta of 0.58. Vitesse Energy has a twelve month low of $15.00 and a twelve month high of $27.15. The company’s fifty day moving average is $16.10 and its 200 day moving average is $18.20. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25.

Insider Activity

In other Vitesse Energy news, Director Joseph S. Steinberg acquired 59,118 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of $17.00 per share, with a total value of $1,005,006.00. Following the purchase, the director directly owned 60,552 shares of the company’s stock, valued at $1,029,384. This trade represents a 4,122.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vitesse Energy

Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of Vitesse Energy by 359.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,949 shares of the company’s stock worth $54,000 after buying an additional 2,307 shares during the period. Strs Ohio acquired a new position in shares of Vitesse Energy during the 1st quarter valued at $54,000. Osaic Holdings Inc. lifted its position in shares of Vitesse Energy by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 3,529 shares of the company’s stock valued at $78,000 after acquiring an additional 1,069 shares during the period. Tower Research Capital LLC TRC boosted its stake in Vitesse Energy by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,786 shares of the company’s stock worth $84,000 after acquiring an additional 2,432 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vitesse Energy by 51.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,439 shares of the company’s stock worth $182,000 after acquiring an additional 3,199 shares in the last quarter. 51.63% of the stock is owned by institutional investors and hedge funds.

About Vitesse Energy

(Get Free Report)

Vitesse Energy (NYSE: VTS) is an independent exploration and production company primarily focused on onshore oil and gas assets in the United States. Headquartered in Calgary, Alberta, the company identifies, acquires and develops low-decline, shallow to intermediate depth vertical wells, targeting predictable production profiles and stable cash flows. Vitesse leverages a lean operational model to optimize well performance and reduce unit operating costs across its asset base.

The company’s core operations are concentrated in the Arkoma Basin of eastern Oklahoma and the Ark-La-Tex region, where it holds acreage positions in multiple formations.

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