Q4 EPS Estimates for Vitesse Energy Cut by Roth Capital

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

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

Vitesse Energy Price Performance

VTS stock opened at $26.80 on Thursday. 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 has a 50 day simple moving average of $26.32 and a 200-day simple moving average of $25.64. Vitesse Energy has a twelve month low of $19.79 and a twelve month high of $28.41. The company has a market capitalization of $791.61 million, a P/E ratio of 18.35 and a beta of 0.51.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the firm’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 approximately $2,178,304.35. This trade represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Sabol sold 6,714 shares of the firm’s 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 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. 15.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VTS. The Manufacturers Life Insurance Company raised its stake in shares of Vitesse Energy by 5.3% during 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 last quarter. nVerses Capital LLC raised its stake in shares of Vitesse Energy by 54.5% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after buying an additional 600 shares during the last quarter. Inlet Private Wealth LLC raised its stake in Vitesse Energy by 5.3% in the 3rd quarter. Inlet Private Wealth LLC now owns 59,251 shares of the company’s stock valued at $1,423,000 after purchasing an additional 3,000 shares during the last quarter. Optimum Investment Advisors raised its stake in Vitesse Energy by 3.1% in the 3rd quarter. Optimum Investment Advisors now owns 23,450 shares of the company’s stock valued at $563,000 after purchasing an additional 700 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Vitesse Energy in the 3rd quarter valued at about $279,000. Institutional investors and hedge funds own 51.63% of the company’s stock.

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.