Northland Securities Forecasts Strong Price Appreciation for Vitesse Energy (NYSE:VTS) Stock

Vitesse Energy (NYSE:VTS) had its target price raised by equities research analysts at Northland Securities from $28.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price objective suggests a potential upside of 13.35% from the company’s previous close.

Separately, Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Price Performance

Shares of NYSE:VTS opened at $27.35 on Thursday. 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 firm has a market cap of $807.92 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. The firm has a fifty day moving average price of $26.59 and a 200 day moving average price of $25.50. Vitesse Energy has a fifty-two week low of $19.63 and a fifty-two week high of $28.41.

Insiders Place Their Bets

In other Vitesse Energy news, 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 directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the sale, the chief accounting officer now directly owns 81,615 shares in the company, valued at approximately $2,178,304.35. This represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Vitesse Energy

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Vitesse Energy by 2,301.8% in the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock worth $33,000 after purchasing an additional 1,312 shares during the last quarter. Quest Partners LLC bought a new position in Vitesse Energy in the third quarter worth approximately $34,000. nVerses Capital LLC increased its holdings in 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 purchasing an additional 600 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Vitesse Energy during the 3rd quarter valued at $78,000. Finally, Quent Capital LLC lifted its holdings in shares of Vitesse Energy by 25.7% in the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after buying an additional 1,141 shares during the period. 51.63% of the stock is owned by hedge funds and other institutional investors.

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.