Northland Capmk Estimates Vitesse Energy FY2024 Earnings

Vitesse Energy, Inc. (NYSE:VTS) – Equities researchers at Northland Capmk issued their FY2024 earnings per share (EPS) estimates for shares of Vitesse Energy in a research note issued on Thursday, January 16th. Northland Capmk analyst B. Brooks anticipates that the company will post earnings per share of $1.10 for the year. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.03 per share. Northland Capmk also issued estimates for Vitesse Energy’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.

Several other analysts have also weighed in on VTS. Northland Securities boosted their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Vitesse Energy Stock Performance

Vitesse Energy stock opened at $27.35 on Monday. Vitesse Energy has a fifty-two week low of $19.63 and a fifty-two week high of $28.41. The stock has a fifty day moving average of $26.59 and a two-hundred day moving average of $25.52. 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 $808.03 million, a price-to-earnings ratio of 18.73 and a beta of 0.51.

Vitesse Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s payout ratio is 143.84%.

Insider Buying and Selling at Vitesse Energy

In other news, CAO Mike Morella sold 8,143 shares of the business’s 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 transaction, the chief accounting officer now directly owns 81,615 shares in the company, valued at $2,178,304.35. The trade was a 9.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VTS. International Assets Investment Management LLC lifted its position in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC bought a new position in shares of Vitesse Energy during the third quarter valued at about $34,000. nVerses Capital LLC lifted its position in shares of Vitesse Energy by 54.5% during the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy during the third quarter valued at about $78,000. Finally, Quent Capital LLC raised its position in Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after acquiring an additional 1,141 shares during the period. 51.63% of the stock is currently owned by institutional investors and hedge funds.

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.