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

Vitesse Energy

02/11/2023 08:09

* Vitesse Energy Inc  VTS.N  reported quarterly adjusted
earnings
of 38 cents​​ per share for the quarter ended in September.  The
mean expectation of four analysts for the quarter was
for earnings of 42 cents per share. Wall Street expected
results to range from 28 cents to 59 cents per share.
    * Revenue was $55.05 million​; analysts expected $54.46
million. 
    * Vitesse Energy Inc's reported EPS for the quarter was a
loss
of 5 cents​.
    * The company reported a quarterly loss of $1.47 million.
    * Vitesse Energy Inc shares had risen by 4.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.9%
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 3 "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 $27.50 
This summary was machine generated from LSEG data November 2 at
08:09 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.42           0.38           Missed
 Jun. 30 2023      0.53           0.34           Missed
 Mar. 31 2023      0.24           0.54           Beat