Vitesse Energy (NYSE:VTS) Given “In-Line” Rating at Evercore ISI

Vitesse Energy (NYSE:VTS)‘s stock had its “in-line” rating reiterated by equities research analysts at Evercore ISI in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a $28.00 target price on the stock. Evercore ISI’s price objective points to a potential upside of 16.84% from the stock’s previous close.

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

Vitesse Energy Price Performance

Shares of Vitesse Energy stock opened at $23.97 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50 day simple moving average is $25.78 and its two-hundred day simple moving average is $25.75. The stock has a market capitalization of $924.52 million, a P/E ratio of 16.41 and a beta of 0.53. Vitesse Energy has a one year low of $21.83 and a one year high of $28.41.

Insider Activity

In other news, VP Michael Sabol sold 6,714 shares of Vitesse Energy stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $26.70, for a total value of $179,263.80. Following the transaction, the vice president now directly owns 63,411 shares in the company, valued at approximately $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 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 value 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 represents a 9.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.80% of the company’s stock.

Institutional Trading of Vitesse Energy

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in Vitesse Energy during the 4th quarter worth about $29,000. Quest Partners LLC purchased a new position in shares of Vitesse Energy in the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB purchased a new stake in Vitesse Energy during the 3rd quarter worth approximately $78,000. R Squared Ltd purchased a new stake in Vitesse Energy during the 4th quarter worth approximately $79,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Vitesse Energy during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 51.63% 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.