Northland Capmk Estimates Vitesse Energy FY2024 Earnings

Vitesse Energy, Inc. (NYSE:VTSFree Report) – Equities research analysts at Northland Capmk issued their FY2024 earnings estimates for shares of Vitesse Energy in a research report issued to clients and investors on Thursday, January 16th. Northland Capmk analyst B. Brooks anticipates that the company will post earnings per share of $1.10 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 $1.07 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.

VTS has been the topic of several other reports. Northland Securities lifted their target price on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday, January 16th. Alliance Global Partners raised Vitesse Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, December 17th.

Read Our Latest Analysis on VTS

Vitesse Energy Stock Performance

VTS opened at $26.91 on Monday. The company has a fifty day moving average of $26.59 and a 200 day moving average of $25.54. Vitesse Energy has a fifty-two week low of $19.63 and a fifty-two week high of $28.41. The stock has a market capitalization of $794.98 million, a price-to-earnings ratio of 18.43 and a beta of 0.51. 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 Trading of Vitesse Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Vitesse Energy by 267.2% during the 2nd quarter. American Century Companies Inc. now owns 285,613 shares of the company’s stock valued at $6,769,000 after buying an additional 207,831 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Vitesse Energy by 18.8% during the second quarter. Dimensional Fund Advisors LP now owns 910,824 shares of the company’s stock worth $21,587,000 after acquiring an additional 144,166 shares during the period. Charles Schwab Investment Management Inc. raised its position in Vitesse Energy by 112.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 226,909 shares of the company’s stock valued at $5,450,000 after purchasing an additional 119,861 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Vitesse Energy by 61.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 290,554 shares of the company’s stock worth $7,264,000 after buying an additional 110,830 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new position in shares of Vitesse Energy during the third quarter valued at $1,326,000. 51.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Vitesse Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.10 annualized dividend and a yield of 7.80%. Vitesse Energy’s dividend payout ratio is currently 143.84%.

About Vitesse Energy

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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.

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Earnings History and Estimates for Vitesse Energy (NYSE:VTS)

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