Fintel reports that on November 16, 2023, Alliance Global Partners initiated coverage of Vitesse Energy (NYSE:VTS) with a Buy recommendation.
Analyst Price Forecast Suggests 24.96% Upside
As of November 1, 2023, the average one-year price target for Vitesse Energy is 28.18. The forecasts range from a low of 25.25 to a high of $32.02. The average price target represents an increase of 24.96% from its latest reported closing price of 22.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vitesse Energy is 253MM, an increase of 2.24%. The projected annual non-GAAP EPS is 1.93.
What is the Fund Sentiment?
There are 450 funds or institutions reporting positions in Vitesse Energy. This is a decrease of 3 owner(s) or 0.66% in the last quarter. Average portfolio weight of all funds dedicated to VTS is 0.08%, an increase of 2.36%. Total shares owned by institutions increased in the last three months by 1.81% to 17,336K shares. 
The put/call ratio of VTS is 1.41, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 731K shares representing 2.54% ownership of the company. No change in the last quarter.
Nuveen Asset Management holds 624K shares representing 2.17% ownership of the company. In it's prior filing, the firm reported owning 657K shares, representing a decrease of 5.21%. The firm decreased its portfolio allocation in VTS by 34.97% over the last quarter.
Goldman Sachs Group holds 582K shares representing 2.02% ownership of the company. In it's prior filing, the firm reported owning 244K shares, representing an increase of 58.14%. The firm decreased its portfolio allocation in VTS by 33.82% over the last quarter.
IWM - iShares Russell 2000 ETF holds 563K shares representing 1.95% ownership of the company.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 557K shares representing 1.94% ownership of the company. In it's prior filing, the firm reported owning 596K shares, representing a decrease of 6.93%. The firm increased its portfolio allocation in VTS by 4.73% over the last quarter.
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