VTS Stock Recent News

Vitesse Energy (VTS) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.34 per share a year ago.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today reported the Company's second quarter 2024 financial and operating results. SECOND QUARTER 2024 HIGHLIGHTS As previously announced, declared a quarterly cash dividend of $0.525 per common share to be paid on September 30, 2024 Net income of $10.9 million and Adjusted Net Income(1) of $11.7 million Adjusted EBITDA(1) of $43.1 million Cash flow from operations of $35.2 mill.

A decline in natural gas prices and higher capex are likely to have affected Vitesse Energy's (VTS) earnings in Q2.

Here is how Vitesse Energy (VTS) and Weatherford (WFRD) have performed compared to their sector so far this year.

HHS, MNSO, VTS, SM and GRC have been added to the Zacks Rank #1 (Strong Buy) List on June 14, 2024.

Vitesse (VTS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vitesse Energy (VTS) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to loss of $1.67 per share a year ago.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its first quarter 2024 financial and operating results on Monday, May 6, 2024, after market close. Additionally, the Company will host a conference call on Tuesday, May 7, 2024, at 11:00 a.m. Eastern Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. Conference Call and Webcast Details: Date: May 7, 2024 T.

Vitesse Energy is a small cap, non-operated Bakken player with a lightly levered balance sheet and a high base dividend yield. The company has maintained a $0.50 quarterly dividend for four quarters, and we expect them to maintain this level in 2024 on our Base case. A 5x multiple of our 2024 Base Case EBITDA would result in nearly 30% appreciation.

Vitesse Energy, a newcomer to the oil industry, owns oil rights in Montana and North Dakota and generates substantial free cash flow and strong dividends. The company does not extract oil themselves but relies on larger companies to handle operations and marketing. Vitesse heavily hedges its production to protect profitability from potential drops in oil prices.