Vitesse Energy (NYSE:VTS) Announces Earnings Results

Vitesse Energy (NYSE:VTS) issued its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.08), Zacks reports. Vitesse Energy had a net margin of 18.05% and a return on equity of 7.25%.

Vitesse Energy Stock Performance

VTS stock traded up $0.58 during trading on Tuesday, reaching $24.35. 550,071 shares of the stock were exchanged, compared to its average volume of 185,822. Vitesse Energy has a twelve month low of $21.83 and a twelve month high of $28.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $740.12 million, a P/E ratio of 16.68 and a beta of 0.53. The stock has a 50 day simple moving average of $26.07 and a 200-day simple moving average of $25.83.

Analyst Ratings Changes

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

Insider Buying and Selling at Vitesse Energy

In other Vitesse Energy news, CAO Mike Morella sold 8,143 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now owns 81,615 shares of the company’s stock, valued at $2,178,304.35. The trade was a 9.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total transaction of $179,263.80. Following the transaction, the vice president now directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. The trade was a 9.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.80% of the company’s stock.

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.