Latest news with #VitesseEnergy
Yahoo
3 days ago
- Business
- Yahoo
Vitesse Energy price target raised to $20 from $19 at Northland
Northland raised the firm's price target on Vitesse Energy (VTS) to $20 from $19 and keeps a Market Perform rating on the shares. Vitesse announced a $24M legal settlement in its favor from Hess Corp (HES) relating to a dispute on post-production deductions from its revenue, which was not in the firm's model and is a 'nice surprise,' the analyst tells investors in a research note. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on VTS: Disclaimer & DisclosureReport an Issue Vitesse Energy Resolves Legal Dispute with Hess Vitesse Energy downgraded to Market Perform from Outperform at Northland Vitesse Energy resumed with a Buy at Alliance Global Partners Vitesse Energy Reports Q1 2025 Results and Guidance Vitesse Energy's Earnings Call: Growth Amidst Volatility
Business Wire
01-05-2025
- Business
- Business Wire
Vitesse Energy Declares $0.5625 Quarterly Cash Dividend
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) ('Vitesse') today announced that its Board of Directors declared its second quarter cash dividend for Vitesse's common stock of $0.5625 per share for stockholders of record as of June 16, 2025, which will be paid on June 30, 2025. ABOUT VITESSE ENERGY, INC. Vitesse Energy, Inc. is focused on returning capital to stockholders through owning financial interests predominantly as a non-operator in oil and gas wells drilled by leading US operators. More information about Vitesse can be found at
Yahoo
10-03-2025
- Business
- Yahoo
Vitesse Energy completes $222m acquisition of Lucero Energy
Vitesse Energy, a US-based oil and gas company, has completed the acquisition of Lucero Energy, a Canada-based oil company, following approvals from both companies' shareholders and the Court of King's Bench of Alberta on 6 March 2025. The acquisition, first announced in December 2024, is valued at $222m (C$317.02m). Under the transaction, each common share of Lucero will entitle its holder to receive 0.01239 of a share of Vitesse common stock. After the completion of the arrangement, Lucero shares will be delisted from the TSX Venture Exchange and the OTCQB Market, and the Vitesse shares issued to Lucero shareholders will commence trading on the New York Stock Exchange. Vitesse shareholders are expected to hold approximately 80%, while existing Lucero shareholders are projected to hold 20% of the company on a fully diluted basis. Vitesse Energy chairman and chief executive officer Bob Gerrity said: 'We are pleased to complete the acquisition of Lucero, which is expected to increase our dividend and will provide additional liquidity to further our ability to make accretive acquisitions. 'We are grateful for the hard work and dedication of the Vitesse and Lucero employees, who have been working diligently to help us finalise this acquisition.' The transaction expands Vitesse's portfolio with Lucero's assets comprising approximately 6.4 million barrels of oil equivalent per day (mboe/d) of production in the Bakken region. Additionally, Lucero brings $56m in cash with no outstanding debt as of 30 September 2024 as part of the transaction. In line with the acquisition, Vitesse has welcomed M. Bruce Chernoff and Gary D. Reaves to its board of directors. "Vitesse Energy completes $222m acquisition of Lucero Energy" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
