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.