Northland Capmk Forecasts Vitesse Energy FY2024 Earnings

Vitesse Energy, Inc. (NYSE:VTS) – Equities research analysts at Northland Capmk issued their FY2024 EPS estimates for shares of Vitesse Energy in a report issued on Thursday, January 16th. Northland Capmk analyst B. Brooks forecasts that the company will post earnings of $1.10 per share for the year. Northland Capmk has a “Strong-Buy” rating on the stock. The consensus estimate for Vitesse Energy’s current full-year earnings is $1.03 per share. Northland Capmk also issued estimates for Vitesse Energy’s Q4 2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.16 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.30 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.30 EPS and FY2026 earnings at $1.16 EPS.

A number of other research firms have also commented on VTS. Alliance Global Partners upgraded shares of Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $29.00 in a report on Tuesday, December 17th. Northland Securities upped their price target on shares of Vitesse Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Thursday.

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $27.35 on Monday. Vitesse Energy has a 52-week low of $19.63 and a 52-week high of $28.41. The stock has a market capitalization of $808.03 million, a price-to-earnings ratio of 18.73 and a beta of 0.51. The company has a fifty day moving average of $26.59 and a 200-day moving average of $25.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75.

Institutional Investors Weigh In On Vitesse Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Vitesse Energy by 5.3% in the second quarter. The Manufacturers Life Insurance Company now owns 9,689 shares of the company’s stock valued at $230,000 after purchasing an additional 492 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Vitesse Energy by 54.5% in the third quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $41,000 after purchasing an additional 600 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of Vitesse Energy by 3.1% in the third quarter. Optimum Investment Advisors now owns 23,450 shares of the company’s stock valued at $563,000 after purchasing an additional 700 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Vitesse Energy by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 241,761 shares of the company’s stock worth $5,807,000 after buying an additional 853 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Vitesse Energy by 4.8% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,058 shares of the company’s stock worth $482,000 after buying an additional 921 shares during the period. Institutional investors own 51.63% of the company’s stock.

Insider Activity at Vitesse Energy

In other news, VP Michael Sabol sold 6,714 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $26.70, for a total transaction of $179,263.80. Following the sale, the vice president now owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This trade represents a 9.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mike Morella sold 8,143 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $26.69, for a total transaction of $217,336.67. Following the completion of the transaction, the chief accounting officer now owns 81,615 shares in the company, valued at $2,178,304.35. This trade represents a 9.07 % decrease in their position. The disclosure for this sale can be found here. 15.80% of the stock is currently owned by insiders.

Vitesse Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 7.68%. The ex-dividend date was Monday, December 16th. Vitesse Energy’s dividend payout ratio (DPR) is 143.84%.

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.