Analysts Issue Forecasts for Vitesse Energy FY2024 Earnings

Vitesse Energy, Inc. (NYSE:VTS) – Research analysts at Northland Capmk issued their FY2024 earnings per share (EPS) estimates for Vitesse Energy in a research report issued on Thursday, January 16th. Northland Capmk analyst B. Brooks forecasts that the company will earn $1.10 per share for the year. Northland Capmk currently has a “Strong-Buy” rating on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.03 per share. Northland Capmk also issued estimates for Vitesse Energy’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.

Several other research firms have also recently weighed in on VTS. Northland Securities upped their price target on shares of 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 Vitesse Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Vitesse Energy Stock Performance

NYSE VTS opened at $27.35 on Monday. The company’s 50 day simple moving average is $26.59 and its two-hundred day simple moving average is $25.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. Vitesse Energy has a 1 year low of $19.63 and a 1 year high of $28.41. The stock has a market capitalization of $807.92 million, a PE ratio of 18.73 and a beta of 0.51.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. 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 stake in Vitesse Energy in the 3rd quarter worth $34,000. nVerses Capital LLC grew its holdings in Vitesse Energy by 54.5% in the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock worth $41,000 after acquiring an additional 600 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Vitesse Energy during the third quarter valued at about $78,000. Finally, Quent Capital LLC boosted its holdings in shares of Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after purchasing an additional 1,141 shares during the period. Hedge funds and other institutional investors own 51.63% of the company’s stock.

Insider Transactions at Vitesse Energy

In related news, CAO Mike Morella sold 8,143 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the transaction, the chief accounting officer now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michael Sabol sold 6,714 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was 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 represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

Vitesse Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend was Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is currently 143.84%.

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.