Vitesse Energy Inc reports results for the quarter ended in December - Earnings Summary

Vitesse Energy

26/02/2024 22:55

* Vitesse Energy Inc  VTS.N  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in December.  The
mean expectation of five analysts for the quarter was
for earnings of 43 cents per share. Wall Street expected
results to range from 36 cents to 56 cents per share.
    * Revenue was $69.30 million​; analysts expected $61.16
million. 
    * The company reported quarterly net income of $19.92
million.
    * Vitesse Energy Inc shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Vitesse Energy
Inc is $26.00 
This summary was machine generated from LSEG data February 26 at
10:55 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.43           0.52           Beat
 Sep. 30 2023      0.42           0.38           Missed
 Jun. 30 2023      0.53           0.34           Missed
 Mar. 31 2023      0.24           0.54           Beat