Q4 EPS Estimates for Vitesse Energy Lowered by Roth Capital

Vitesse Energy, Inc. (NYSE:VTS) – Investment analysts at Roth Capital reduced their Q4 2024 earnings per share (EPS) estimates for shares of Vitesse Energy in a report released on Wednesday, February 5th. Roth Capital analyst J. White now forecasts that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.24. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.07 per share.

Several other brokerages also recently weighed in on VTS. Northland Securities increased their price target on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Finally, Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th.

Vitesse Energy Trading Down 0.7 %

Shares of VTS stock opened at $26.60 on Thursday. The company has a market capitalization of $785.76 million, a P/E ratio of 18.22 and a beta of 0.51. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $26.29 and its two-hundred day moving average is $25.64. Vitesse Energy has a twelve month low of $19.79 and a twelve month high of $28.41.

Institutional Investors Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Inlet Private Wealth LLC grew its stake in Vitesse Energy by 0.7% in the fourth quarter. Inlet Private Wealth LLC now owns 59,651 shares of the company’s stock worth $1,491,000 after purchasing an additional 400 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Vitesse Energy by 5.0% during the 4th quarter. Principal Financial Group Inc. now owns 8,784 shares of the company’s stock worth $220,000 after buying an additional 418 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 acquiring an additional 492 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after acquiring an additional 600 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Vitesse Energy by 1.6% during the 4th quarter. Rhumbline Advisers now owns 41,929 shares of the company’s stock valued at $1,048,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Insider Activity

In related news, CAO Mike Morella sold 8,143 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total value 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. This represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $179,263.80. Following the transaction, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

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.