Vitesse Energy (NYSE:VTS) Stock Rating Lowered by Alliance Global Partners

Vitesse Energy (NYSE:VTS) was downgraded by research analysts at Alliance Global Partners from a “buy” rating to a “neutral” rating in a report released on Wednesday, Briefing.com reports. They presently have a $26.00 price target on the stock. Alliance Global Partners’ target price suggests a potential downside of 0.99% from the stock’s current price.

Vitesse Energy Stock Performance

Shares of VTS opened at $26.26 on Wednesday. The company has a market cap of $773.36 million, a price-to-earnings ratio of 17.99 and a beta of 0.22. The business’s fifty day simple moving average is $24.90 and its two-hundred day simple moving average is $24.51. Vitesse Energy has a 12 month low of $19.63 and a 12 month high of $26.68. 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 (NYSE:VTS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). Vitesse Energy had a net margin of 18.05% and a return on equity of 7.22%. The business had revenue of $66.60 million for the quarter, compared to analysts’ expectations of $63.89 million.

Insider Activity

In related news, CEO Robert W. Gerrity bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $24.73 per share, for a total transaction of $247,300.00. Following the completion of the acquisition, the chief executive officer now owns 495,311 shares of the company’s stock, valued at $12,249,041.03. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vitesse Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in shares of Vitesse Energy in the second quarter worth $26,000. International Assets Investment Management LLC boosted its position in 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. Cullen Frost Bankers Inc. purchased a new position in Vitesse Energy in the second quarter worth about $36,000. Quent Capital LLC grew its stake in shares of Vitesse Energy by 25.7% during the 3rd quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after purchasing an additional 1,141 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Vitesse Energy during the 2nd quarter valued at about $230,000. 51.63% of the stock is owned by institutional investors.

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.