Vitesse Energy, Inc. (VTS) To Go Ex-Dividend on December 16th

Vitesse Energy, Inc. (NYSE:VTS) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.525 per share on Tuesday, December 31st. This represents a $2.10 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Monday, December 16th.

Vitesse Energy has a dividend payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Vitesse Energy to earn $1.85 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 113.5%.

Vitesse Energy Stock Down 1.0 %

VTS stock opened at $24.87 on Friday. The business’s 50-day moving average price is $24.89 and its 200-day moving average price is $24.45. The stock has a market cap of $732.42 million, a P/E ratio of 28.26 and a beta of 0.23. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio 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 issued its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The firm had revenue of $66.60 million for the quarter, compared to analysts’ expectations of $63.89 million. Vitesse Energy had a net margin of 10.78% and a return on equity of 7.94%. On average, equities research analysts forecast that Vitesse Energy will post 1.4 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners dropped their target price on shares of Vitesse Energy from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th.

Insider Activity at Vitesse Energy

In related news, CEO Robert W. Gerrity acquired 10,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $24.73 per share, with a total value of $247,300.00. Following the acquisition, the chief executive officer now directly owns 495,311 shares in the company, valued at $12,249,041.03. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 15.80% of the stock is owned by corporate insiders.

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.