Vitesse Energy climbs after Q4 core profit beat

Vitesse Energy

27/02/2024 18:26

** Shares of oil and gas producer Vitesse Energy  VTS.N 
climb 4.7% to $22.16
    ** Company posts Q4 adj. core profit of $47.4 mln vs est of
$40.9 mln - LSEG data
    ** Reports Q4 production of 13,562 barrels of oil equivalent
per day (boepd), above consensus estimate of 12,500 boepd as per
Jefferies analysts
    ** Beat driven by higher production from assets acquired by
company in October and slightly better well productivity -
Jefferies
    ** Company forecasts 2024 production in the range of 12,500
to 13,500 boepd
    ** Including session's gains, stock up 1.4% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))