Vitesse Energy (NYSE:VTS) Downgraded to “Neutral” Rating 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 research report issued on Wednesday, Briefing.com reports. They presently have a $26.00 target price on the stock. Alliance Global Partners’ target price would indicate a potential downside of 0.99% from the company’s current price.

Vitesse Energy Stock Performance

NYSE:VTS opened at $26.26 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $24.90 and its 200 day simple moving average is $24.51. The stock has a market cap of $773.36 million, a P/E ratio of 17.99 and a beta of 0.22. Vitesse Energy has a twelve month low of $19.63 and a twelve month high of $26.68.

Vitesse Energy (NYSE:VTS) last announced its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Vitesse Energy had a net margin of 18.05% and a return on equity of 7.22%. The company had revenue of $66.60 million for the quarter, compared to the consensus estimate of $63.89 million.

Insider Activity at Vitesse Energy

In other news, CEO Robert W. Gerrity acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was acquired 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 in the company, valued at $12,249,041.03. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vitesse Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Vitesse Energy in the 2nd quarter worth approximately $26,000. International Assets Investment Management LLC boosted its holdings 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 acquiring an additional 1,312 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Vitesse Energy in the second quarter worth $36,000. Quent Capital LLC grew its stake in shares of Vitesse Energy by 25.7% in the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock worth $134,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Vitesse Energy during the second quarter valued at $230,000. Hedge funds and other 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.