Vitesse Energy, Inc. (NYSE:VTS) Plans Quarterly Dividend of $0.53

Vitesse Energy, Inc. (NYSE:VTS) announced a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.525 per share on Monday, September 30th. This represents a $2.10 annualized dividend and a yield of 8.08%. The ex-dividend date of this dividend is Monday, September 16th.

Vitesse Energy has a payout ratio of 112.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Vitesse Energy to earn $1.88 per share next year, which means the company may not be able to cover its $2.10 annual dividend with an expected future payout ratio of 111.7%.

Vitesse Energy Trading Up 2.5 %

Shares of VTS opened at $25.99 on Thursday. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $23.33. The firm has a market capitalization of $765.41 million, a P/E ratio of 30.94 and a beta of 0.26. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. Vitesse Energy has a 12-month low of $19.63 and a 12-month high of $26.68.

Vitesse Energy (NYSE:VTS) last announced its earnings results on Monday, May 6th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $61.19 million during the quarter, compared to analyst estimates of $61.05 million. Vitesse Energy had a net margin of 10.92% and a return on equity of 7.87%. Sell-side analysts forecast that Vitesse Energy will post 1.46 EPS for the current year.

Vitesse Energy Company Profile

Vitesse Energy, Inc, together with its subsidiaries, engages in the acquisition, development, and production of non-operated oil and natural gas properties in the United States. It owns and acquires non-operated working interest and royalty interest ownership in the Williston Basin properties located in North Dakota and Montana.