Vitesse Energy (VTS) to Release Quarterly Earnings on Tuesday

Vitesse Energy (NYSE:VTS) is projected to issue its quarterly earnings data after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $58.90 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Vitesse Energy Trading Up 0.2 %

VTS stock opened at $23.82 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. Vitesse Energy has a twelve month low of $21.83 and a twelve month high of $28.41. The stock has a market capitalization of $703.86 million, a price-to-earnings ratio of 16.32 and a beta of 0.53. The firm’s fifty day simple moving average is $26.09 and its two-hundred day simple moving average is $25.83.

Analysts Set New Price Targets

A number of research analysts have recently commented on VTS shares. Northland Securities upped their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Northland Capmk upgraded shares of Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Finally, Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Insiders Place Their Bets

In other Vitesse Energy news, VP Michael Sabol sold 6,714 shares of the stock in a transaction dated 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 directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the stock in a transaction dated 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 approximately $2,178,304.35. The trade was 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 owned by company insiders.

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.