Vitesse Energy is a Williston Basin oil and gas producer that is free-cash-flow positive and growing revenue, but its price is at the $18.27 analyst target, EPS missed in 3 of the last 4 quarters and 96% of reserves sit in one basin.
Thesis pillars
- Williston Basin Concentration↑Improving
- Unsafe Dividend Yield→Stable
- Recent Earnings Misses→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026, based on the 10-K filed Mar 2, 2026
Vitesse Energy, Inc. (VTS) Stock Analysis
Breakout setup
Energy · Oil & Gas E&P
Wait for pullback to $16.88. Price sits above the model's entry target of $16.88; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: North Dakota and Montana (Williston Basin) proved reserves (96.0%); Concentration risk — Geographic: Dunn, McKenzie, Mountrail, and Williams Counties net acres (79.0%).
Vitesse Energy is a non-operator energy company owning working and royalty interests in oil and gas wells operated by others, concentrated in the Williston Basin of North Dakota and Montana plus Colorado and Wyoming acreage. As of December 31, 2025 it held a 3.5% average working... Read more
Wait for pullback to $16.88. Price sits above the model's entry target of $16.88; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: North Dakota and Montana (Williston Basin) proved reserves (96.0%); Concentration risk — Geographic: Dunn, McKenzie, Mountrail, and Williams Counties net acres (79.0%). Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Earnings today. Wait until post-earnings. Score 5.4/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
About Vitesse Energy, Inc.
About Vitesse Energy, Inc.
Vitesse Energy held estimated proved reserves of 47,800 MBoe (64% oil) with a PV-10 of $472.7 million as of December 31, 2025, generating average daily production of 17,444 Boe/d from a non-operated working interest portfolio spanning 6,402 gross wells. The Williston Basin of North Dakota and Montana accounted for 96% of total proved reserves, with the remaining acreage in Colorado and Wyoming's Central Rockies.
Vitesse generates revenue as a non-operator, owning an average 3.5% working interest across its well portfolio and relying on more than 30 third-party operators to drill, complete, and market production; the differential between wellhead realized prices and NYMEX spot benchmarks reflects embedded transportation and marketing costs borne by those operators. The company has closed roughly 175 acquisitions totaling more than $785 million since its 2014 inception, funding growth primarily through smaller, discounted non-operated lease and wellbore positions rather than large contiguous acreage packages, supplemented by larger deals such as the March 2025 all-stock Lucero Acquisition. Vitesse targets a Net Debt to Adjusted EBITDA ratio below 1.0 and hedges a portion of expected oil and natural gas production with swaps, collars, and puts to protect its dividend, paying $92.1 million in shareholder distributions during 2025, up from $63.6 million in 2024.
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Vitesse's single-basin dependence is explicit in its own risk disclosure: the majority of its producing properties sit in the Williston Basin, which the 10-K says makes the company 'vulnerable to risks associated with operating in one major geographic area.' That concentration sharpens at the county level — approximately 79% of Vitesse's 53,301 net acres lie in just four North Dakota counties (Dunn, McKenzie, Mountrail, and Williams) — so a regional disruption such as the natural gas gathering and processing constraints the Williston Basin experienced in 2019, or an operator-specific slowdown, could disproportionately affect production versus a geographically diversified E&P peer.
See also: Energy · Oil & Gas E&P
From Vitesse Energy, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-11-02Recent Developments — Vitesse Energy, Inc.
Latest news
- NEWS Vitesse Energy Keeps Quarterly Dividend at $0.4375 per Share, Payable Dec. 31 to Holders of Record Dec. 15 - marketscree — marketscreener.com positive
- NEWS CITIWARRANTS 249.2818 VTS 25-OCT-35 INSTAL MINI (ASX:VTSJOA) - www.intelligentinvestor.com.au — www.intelligentinvestor.com.au neutral
- NEWS The Whole Market in One Fund: VTS (ASX:VTS) and 3,505 US Stocks - Kalkine — Kalkine neutral
- NEWS Vitesse Energy earnings: what to look for from VTS - Yahoo Finance — Yahoo Finance neutral
- NEWS Vitesse Energy earnings: what to look for from VTS - TradingView — TradingView neutral
Generated 2026-11-02T11:58:15Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicNorth Dakota and Montana (Williston Basin) proved reserves96%10-K Item 1: 'Our estimated proved reserves in North Dakota and Montana as of December 31, 2025 were 45,860 MBoe (65% oil), which represented 96% of our total estimated proved reserves'
- HIGHGeographicDunn, McKenzie, Mountrail, and Williams Counties net acres79%10-K Item 1: 'located in Dunn, McKenzie, Mountrail, and Williams Counties, North Dakota. Approximately 79% of our 53,301 net acres as of December 31, 2025 are in the above counties'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $16.88. Price sits above the model's entry target of $16.88; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: North Dakota and Montana (Williston Basin) proved reserves (96.0%); Concentration risk — Geographic: Dunn, McKenzie, Mountrail, and Williams Counties net acres (79.0%). Chart setup: Golden cross, above all MAs, RSI 66, MACD bullish. Earnings today. Wait until post-earnings. Analyst target $18.27 reached (−0.1%), stop $16.18 (−13.1%), A.R:R -0.0:1. Score 5.4/10, moderate confidence.
Analyst target $18.27 reached (−0.1% from $18.30); no take-profit level is published. Analyst target $18.27 reached (−0.1%), stop $16.18 (−13.1%), A.R:R -0.0:1. Stop-loss: $16.18.
Concentration risk — Geographic: North Dakota and Montana (Williston Basin) proved reserves (96.0%); Concentration risk — Geographic: Dunn, McKenzie, Mountrail, and Williams Counties net acres (79.0%); Analyst target reached - limited upside remaining.
Vitesse Energy, Inc. trades at a P/E of N/A (forward 76.3). TrendMatrix value score: 5.0/10. Verdict: Buy (Wait for Entry).
8 analysts cover VTS with a consensus score of 4.0/5. Average price target: $22.
What does Vitesse Energy, Inc. do?Vitesse Energy is a non-operator energy company owning working and royalty interests in oil and gas wells operated by...
Vitesse Energy is a non-operator energy company owning working and royalty interests in oil and gas wells operated by others, concentrated in the Williston Basin of North Dakota and Montana plus Colorado and Wyoming acreage. As of December 31, 2025 it held a 3.5% average working interest across 6,402 gross wells (226.1 net), with proved reserves of 47,800 MBoe (64% oil) and a $472.7 million PV-10. Vitesse paid $92.1 million in dividends in 2025.