Vitesse Energy, Inc. (VTS) was downgraded to a Hold Rating at Northland Securities
In a report released today, Bobby Brooks from Northland Securities downgraded Vitesse Energy, Inc. (VTS – Research Report) to a Hold, with a price target of $19.00. The company’s shares opened today at $21.63.
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Brooks covers the Energy sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Tetra Technologies, and Solaris Energy Infrastructure. According to TipRanks, Brooks has an average return of 14.8% and a 54.41% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vitesse Energy, Inc. with a $29.40 average price target.
Based on Vitesse Energy, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $66.17 million and a net profit of $2.67 million. In comparison, last year the company earned a revenue of $61.19 million and had a GAAP net loss of $2.19 million
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