* Vitesse Energy Inc reported quarterly adjusted earnings of 34 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of six analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 32 cents to 38 cents per share.
* Revenue rose 5.6% to $61.19 million from a year ago; analysts expected $60.50 million.
* Vitesse Energy Inc's reported EPS for the quarter was a loss of 7 cents.
* The company reported a quarterly loss of $2.19 million.
* Vitesse Energy Inc shares had fallen by 4.6% this quarter and gained 3.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 40.1% in the last three months.
* In the last 30 days, four 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 $27.75 This summary was machine generated from LSEG data May 6 at 10:49 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
Mar. 31 2024 0.34 0.34 Met
Dec. 31 2023 0.43 0.52 Beat
Sep. 30 2023 0.42 0.38 Missed
Jun. 30 2023 0.53 0.34 Missed
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