Vitesse Energy resumed with a Buy at Alliance Global Partners

Alliance Global Partners analyst C. K. Poe Fratt resumed coverage of Vitesse Energy (VTS) with a Buy rating and $26 price target While recent commodity prices have been volatile, the firm believes that recent stock price weakness since early April “creates an attractive risk/reward profile with a positive skew” and notes that it has a favorable view due to the recent closing of the Lucero acquisition, higher development opportunities, a prudent hedging strategy, and a balance sheet with moderate financial leverage.