Northland Capmk Upgrades Vitesse Energy (NYSE:VTS) to “Strong-Buy”

Vitesse Energy (NYSE:VTS) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also issued reports about the company. Northland Securities lifted their price target on Vitesse Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Thursday. Alliance Global Partners upgraded Vitesse Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, December 17th.

Vitesse Energy Stock Performance

NYSE:VTS opened at $27.23 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.75 and a current ratio of 0.75. Vitesse Energy has a fifty-two week low of $19.63 and a fifty-two week high of $28.41. The company has a 50 day simple moving average of $26.59 and a two-hundred day simple moving average of $25.48. The company has a market capitalization of $804.37 million, a PE ratio of 18.65 and a beta of 0.51.

Insiders Place Their Bets

In related news, CAO Mike Morella sold 8,143 shares of the stock in a transaction dated 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 directly owns 81,615 shares of the company’s stock, valued at $2,178,304.35. This represents a 9.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael Sabol sold 6,714 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 63,411 shares of the company’s stock, valued at $1,693,073.70. This represents a 9.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.80% of the company’s stock.

Institutional Trading of Vitesse Energy

Several large investors have recently modified their holdings of VTS. International Assets Investment Management LLC grew its position in shares of Vitesse Energy by 2,301.8% during the third quarter. International Assets Investment Management LLC now owns 1,369 shares of the company’s stock valued at $33,000 after purchasing an additional 1,312 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Vitesse Energy during the 3rd quarter worth about $34,000. nVerses Capital LLC raised its position in Vitesse Energy by 54.5% during the 3rd 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. Wilmington Savings Fund Society FSB purchased a new stake in shares of Vitesse Energy in the 3rd quarter worth approximately $78,000. Finally, Quent Capital LLC boosted its position in Vitesse Energy by 25.7% during the third quarter. Quent Capital LLC now owns 5,579 shares of the company’s stock valued at $134,000 after purchasing an additional 1,141 shares in the last quarter. Institutional investors own 51.63% of the company’s stock.

Vitesse Energy Company Profile

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.