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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.
Vitesse Energy, Inc. (NYSE:VTS ) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET Company Participants Ben Messier - Director-Investor Relations Bob Gerrity - Chairman and Chief Executive Officer Dave Macosko - Chief Financial Officer Brian Cree - President Conference Call Participants Donovan Schafer - Northland Capital Markets Lloyd Byrne - Jefferies Jeff Grampp - Alliance Global Partners Operator Greetings. Welcome to Vitesse Energy First Quarter 2023 Earnings Call.
CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) announced today that it plans to issue its first quarter 2023 financial and operating results on Monday, May 8, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, May 9, 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.