Vitesse EnergyNYSE: VTS

Vitesse Energy (VTS) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.38 per share a year ago.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its third quarter 2024 financial and operating results on Monday, November 4, 2024, after market close. Additionally, the Company will host a conference call on Tuesday, November 5, 2024, at 11:00 a.m. Eastern Time. Those wishing to listen to the conference call may do so via phone or the Company's webcast. Conference Call and Webcast Details: Date: Nov.

Vitesse Energy is the result of a spinoff from Jefferies Financial Group in 2023. An ultra-high-yield dividend makes Vitesse Energy look especially appealing.

Management uses a hedging strategy to protect the downside risk from a fall in the oil price. The strategy also isolates the risk to Vitesse's core strength, which is management's ability to identify attractive assets to invest in.

Vitesse Energy (VTS) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.34 per share a year ago.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “our,” “Vitesse,” or the “Company”) today reported the Company's second quarter 2024 financial and operating results. SECOND QUARTER 2024 HIGHLIGHTS As previously announced, declared a quarterly cash dividend of $0.525 per common share to be paid on September 30, 2024 Net income of $10.9 million and Adjusted Net Income(1) of $11.7 million Adjusted EBITDA(1) of $43.1 million Cash flow from operations of $35.2 mill.

A decline in natural gas prices and higher capex are likely to have affected Vitesse Energy's (VTS) earnings in Q2.

Here is how Vitesse Energy (VTS) and Weatherford (WFRD) have performed compared to their sector so far this year.

Vitesse (VTS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.