Roth Capital Cuts Earnings Estimates for Vitesse Energy

Vitesse Energy, Inc. (NYSE:VTS) – Analysts at Roth Capital reduced their FY2024 earnings estimates for shares of Vitesse Energy in a research report issued to clients and investors on Wednesday, February 5th. Roth Capital analyst J. White now expects that the company will post earnings per share of $1.00 for the year, down from their prior estimate of $1.03. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.07 per share. Roth Capital also issued estimates for Vitesse Energy’s Q1 2025 earnings at $0.27 EPS.

Several other research analysts also recently weighed in on VTS. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research note on Thursday, January 16th. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th. Finally, 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 note on Thursday, January 16th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $26.60 on Friday. The stock has a 50-day moving average price of $26.29 and a 200 day moving average price of $25.64. The stock has a market capitalization of $785.76 million, a P/E ratio of 18.22 and a beta of 0.51. Vitesse Energy has a 12-month low of $19.79 and a 12-month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20.

Insider Activity at Vitesse Energy

In related news, VP Michael Sabol sold 6,714 shares of the stock in a transaction 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 owns 63,411 shares in the company, valued at approximately $1,693,073.70. This represents a 9.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 represents 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 insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Vitesse Energy by 1.7% during the third quarter. Geode Capital Management LLC now owns 582,234 shares of the company’s stock valued at $13,988,000 after buying an additional 9,724 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock valued at $7,264,000 after acquiring an additional 110,830 shares during the period. Bank of New York Mellon Corp grew its position in Vitesse Energy by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 264,442 shares of the company’s stock valued at $6,611,000 after acquiring an additional 1,566 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vitesse Energy by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after purchasing an additional 853 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Vitesse Energy by 112.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock worth $5,450,000 after purchasing an additional 119,861 shares during the last quarter. Institutional investors own 51.63% 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.