Vitesse EnergyVTS Market cap $757M
About: Vitesse Energy Inc is an independent energy company focused on returning capital to stockholders through owning interests as a non-operator in oil and natural gas wells. It is engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.
Employees: 40
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 62
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
2% less capital invested
Capital invested by funds: $372M [Q1] → $364M (-$7.52M) [Q2]
1.13% less ownership
Funds ownership: 53.27% [Q1] → 52.14% (-1.13%) [Q2]
3% less funds holding
Funds holding: 232 [Q1] → 226 (-6) [Q2]
18% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 34
25% less call options, than puts
Call options by funds: $4.26M | Put options by funds: $5.66M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Alliance Global Partners Jeff Grampp 38% 1-year accuracy 3 / 8 met price target | 1%upside $26 | Buy Maintained | 7 Aug 2024 |