Vitesse Energy (NYSE:VTS) Stock Price Expected to Rise, Northland Securities Analyst Says

Vitesse Energy (NYSE:VTS) had its price target raised by equities research analysts at Northland Securities from $28.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 13.35% from the company’s previous close.

Separately, Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Price Performance

VTS opened at $27.35 on Thursday. The company’s 50-day simple moving average is $26.59 and its two-hundred day simple moving average is $25.50. Vitesse Energy has a 52-week low of $19.63 and a 52-week high of $28.41. The stock has a market capitalization of $807.92 million, a P/E ratio of 18.73 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Insider Activity at Vitesse Energy

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in Vitesse Energy by 3.0% during the 2nd quarter. Rhumbline Advisers now owns 42,572 shares of the company’s stock worth $1,009,000 after acquiring an additional 1,257 shares during the period. American Century Companies Inc. increased its stake in shares of Vitesse Energy by 267.2% in the second quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock worth $6,769,000 after purchasing an additional 207,831 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Vitesse Energy by 18.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock valued at $21,587,000 after purchasing an additional 144,166 shares during the period. Squarepoint Ops LLC lifted its stake in shares of Vitesse Energy by 38.3% during the 2nd quarter. Squarepoint Ops LLC now owns 68,307 shares of the company’s stock valued at $1,619,000 after buying an additional 18,904 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Vitesse Energy by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock worth $230,000 after buying an additional 492 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

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.