Vitesse Energy (NYSE:VTS) Price Target Raised to $33.00

Vitesse Energy (NYSE:VTS) had its target price upped by Roth Mkm from $30.50 to $33.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s target price points to a potential upside of 32.11% from the stock’s current price.

Several other equities research analysts also recently issued reports on VTS. Evercore ISI restated an “in-line” rating and set a $28.00 price objective on shares of Vitesse Energy in a research report on Wednesday, March 19th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Securities upped their price objective on Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday, January 16th. Finally, Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $30.25.

Vitesse Energy Stock Performance

Shares of VTS traded up $0.14 during trading hours on Wednesday, hitting $24.98. The company had a trading volume of 124,198 shares, compared to its average volume of 232,041. The business has a fifty day moving average of $25.38 and a 200-day moving average of $25.76. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $963.68 million, a price-to-earnings ratio of 17.11 and a beta of 0.53. Vitesse Energy has a 12 month low of $21.83 and a 12 month high of $28.41.

Insider Buying and Selling at Vitesse Energy

In other news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction that occurred 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $179,263.80. Following the sale, the vice president now directly owns 63,411 shares of the company’s stock, valued at approximately $1,693,073.70. This trade represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.15% of the company’s stock.

Hedge Funds Weigh In On Vitesse Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in Vitesse Energy by 112.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after buying an additional 119,861 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vitesse Energy by 143.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,240 shares of the company’s stock valued at $150,000 after purchasing an additional 3,679 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Vitesse Energy during the 3rd quarter valued at approximately $288,000. Jane Street Group LLC increased its position in Vitesse Energy by 12.8% during the 3rd quarter. Jane Street Group LLC now owns 50,768 shares of the company’s stock worth $1,219,000 after purchasing an additional 5,777 shares in the last quarter. Finally, Barclays PLC lifted its stake in Vitesse Energy by 325.7% in the 3rd quarter. Barclays PLC now owns 39,528 shares of the company’s stock valued at $950,000 after purchasing an additional 30,243 shares during the last quarter. Institutional investors own 51.63% of the company’s stock.

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.