VTS Stock Recent News

Vitesse Energy, Inc. (NYSE:VTS ) Q2 2023 Results Conference Call August 1, 2023 9:00 AM ET Company Participants Ben Messier - Director, IR Bob Gerrity - Chairman and CEO Brian Cree - President Dave Macosko - CFO Conference Call Participants Chris Baker - Evercore ISI Lloyd Byrne - Jefferies Donovan Schafer - Northland Capital Markets Michael Schwartz - Jefferies Operator Greetings. Welcome to Vitesse Energy Second Quarter 2023 Earnings Call.

Understanding the company's business model is key to both the bear and bull cases. The stock's yield will attract passive-income investors, but it might not prove sustainable at the current levels.

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its second quarter 2023 financial and operating results on Monday, July 31, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, August 1, 2023, at 9:00 a.m. Eastern Time. The Company will simultaneously post an updated corporate slide presentation with respect to those results on Vitesse's website, www.vitesse-vts.com, i.

What exactly is Vitesse Energy?

The consensus price target for Vitesse Energy is below its current share price. Analysts aren't as pessimistic about the oil stock as it might seem at first glance.

Chevron represents one of the larger holdings in the Berkshire Hathaway portfolio. Vitesse is an oil & gas stock currently yielding more than 8% Bank of America is a good value.

Vitesse Energy, a spin-off company with a tight capital base and significant cash flow, offers investors an early opportunity to invest in an underanalyzed business. The company's significant dividend, proprietary software for optimal investment decisions, and exposure to refrac technology in the Williston Basin make it an attractive investment option. Despite potential recession concerns, Vitesse's stock could hit $30 per share due to factors such as increased oil prices, growing demand from China and India, and the company's ability to deliver significant free cash flow in 2023.

Apple's cash flow supports a significantly larger dividend payout. Vitesse Energy's dividend yield is more than 9%.

Berkshire Hathaway's largest stock holdings all pay dividends. But investors will have to turn to smaller positions in the investment conglomerate's portfolio if they're seeking huge yield.

The investment case for Vitesse Energy is based on its management team. The company operates a flexible and conservative business model.