Vitesse Energy (VTS) Set to Announce Earnings on Monday

Vitesse Energy (NYSE:VTS) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Vitesse Energy (NYSE:VTS) last issued its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $66.60 million during the quarter, compared to analysts’ expectations of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. On average, analysts expect Vitesse Energy to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Vitesse Energy Stock Performance

NYSE VTS opened at $24.72 on Friday. The stock has a market cap of $728.00 million, a PE ratio of 28.09 and a beta of 0.23. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22. Vitesse Energy has a twelve month low of $19.63 and a twelve month high of $26.68. The stock has a fifty day simple moving average of $24.89 and a 200-day simple moving average of $24.45.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date is Monday, December 16th. Vitesse Energy’s dividend payout ratio is presently 238.64%.

Insider Transactions at Vitesse Energy

In other news, CEO Robert W. Gerrity bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average price of $24.73 per share, with a total value of $247,300.00. Following the purchase, the chief executive officer now owns 495,311 shares in the company, valued at approximately $12,249,041.03. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners lowered their price target on Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

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.