Vitesse Energy (NYSE:VTS) Stock Rating Upgraded by Northland Capmk

Vitesse Energy (NYSE:VTS) was upgraded by analysts at Northland Capmk to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

VTS has been the topic of several other reports. Northland Securities boosted 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. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Vitesse Energy Stock Up 0.4 %

VTS opened at $27.35 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $807.92 million, a PE ratio of 18.73 and a beta of 0.51. The stock’s fifty day moving average is $26.59 and its 200-day moving average is $25.50. Vitesse Energy has a one year low of $19.63 and a one year high of $28.41.

Insider Activity

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the sale, the chief accounting officer now directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. The trade was a 9.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total value 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 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 bought and sold shares of the business. Rhumbline Advisers boosted its position 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. boosted its holdings in shares of Vitesse Energy by 267.2% during 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after purchasing an additional 144,166 shares during the period. Squarepoint Ops LLC grew its position in Vitesse Energy by 38.3% during the second quarter. Squarepoint Ops LLC now owns 68,307 shares of the company’s stock valued at $1,619,000 after purchasing an additional 18,904 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake 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 valued at $230,000 after buying an additional 492 shares during the period. 51.63% of the stock is owned by institutional investors and hedge funds.

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.