Vitesse Energy (VTS) Set to Announce Earnings on Monday

Vitesse Energy (NYSE:VTS) is set to release its earnings data after the market closes on Monday, November 4th. Analysts expect Vitesse Energy to post earnings of $0.36 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Vitesse Energy (NYSE:VTS) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $66.60 million during the quarter, compared to analyst estimates of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. On average, analysts expect Vitesse Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vitesse Energy Stock Performance

Shares of VTS stock opened at $24.72 on Friday. The stock has a market cap of $728.00 million, a PE ratio of 28.09 and a beta of 0.23. The business has a 50-day simple moving average of $24.89 and a 200-day simple moving average of $24.45. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. Vitesse Energy has a 52-week low of $19.63 and a 52-week high of $26.68.

Vitesse Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend is Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is presently 238.64%.

Insider Transactions at Vitesse Energy

In other Vitesse Energy news, CEO Robert W. Gerrity bought 10,000 shares of Vitesse Energy stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, with a total value of $247,300.00. Following the purchase, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 15.80% of the company’s stock.

Analyst Ratings Changes

Separately, Alliance Global Partners reduced their target price on Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

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.