Vitesse Energy (NYSE:VTS) Announces Earnings Results

by · The Markets Daily

Vitesse Energy (NYSE:VTS – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.08), Zacks reports. Vitesse Energy had a return on equity of 7.25% and a net margin of 18.05%.

Vitesse Energy Stock Up 2.4 %

Shares of NYSE VTS traded up $0.58 during mid-day trading on Tuesday, reaching $24.35. The company had a trading volume of 550,071 shares, compared to its average volume of 185,822. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy has a twelve month low of $21.83 and a twelve month high of $28.41. The stock’s 50 day moving average is $26.07 and its 200-day moving average is $25.83. The stock has a market capitalization of $740.12 million, a PE ratio of 16.68 and a beta of 0.53.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VTS shares. Northland Capmk upgraded Vitesse Energy to a “strong-buy” rating in a report on Thursday, January 16th. Northland Securities increased their price objective on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. Finally, Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, December 17th.

Check Out Our Latest Report on VTS

Insider Buying and Selling at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of the 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 transaction, the vice president now owns 63,411 shares in the company, valued at $1,693,073.70. This represents a 9.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mike Morella sold 8,143 shares of Vitesse Energy 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 of the company’s stock, valued at approximately $2,178,304.35. The trade was 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.

About Vitesse Energy

(Get Free Report)

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.

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