Vitesse Energy price target raised to $31, coverage transferred at Northland

Northland raised the firm’s price target on Vitesse Energy (VTS) to $31 from $28 and keeps an Outperform rating on the shares after taking over coverage of the stock. The firm’s newly established FY26 estimates include benefits from the recently announced Lucero acquisition, which “gives this once pure play, non-opp a small operating arm and an enhanced position in the Bakken,” the analyst tells investors.