Vitesse Energy (VTS) Expected to Announce Earnings on Tuesday

Vitesse Energy (NYSE:VTS) is projected to announce its earnings results 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. Investors interested in listening to the company’s conference call can do so using this link.

Vitesse Energy Price Performance

Vitesse Energy stock opened at $24.56 on Tuesday. The stock has a market cap of $725.66 million, a P/E ratio of 16.82 and a beta of 0.51. The company has a fifty day simple moving average of $26.14 and a 200-day simple moving average of $25.86. Vitesse Energy has a 12-month low of $21.83 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.

Analyst Ratings Changes

VTS has been the subject of a number of research reports. Northland Securities boosted their price target 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. Alliance Global Partners raised shares of Vitesse Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th. Finally, Northland Capmk raised shares of Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th.

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of Vitesse Energy 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 transaction, the chief accounting officer now directly owns 81,615 shares in the company, valued at approximately $2,178,304.35. The trade was a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Michael Sabol sold 6,714 shares of Vitesse Energy 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 15.80% of the stock is currently 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.