Vitesse Energy, Inc. (VTS)
NYSE:VTS
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Vitesse Energy, Inc.
(NYSE:VTS)
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Rating:63Neutral
Price Target:
$19.00
▲(7.04% Upside)
Action:Downgraded
Date:05/09/26
The score is driven primarily by solid cash generation and manageable leverage, reinforced by earnings-call support for the dividend and an accretive acquisition. Offsetting these positives are weak technicals (downtrend with negative momentum) and reduced earnings quality/valuation clarity due to losses and hedging-related GAAP volatility.
Positive Factors
Strong cash generation
Consistently positive operating and free cash flow provides durable internal funding for dividends, development capex and bolt-on M&A. In a cyclical E&P business, reliable cash generation reduces reliance on equity markets, supports capital returns and underpins long-term financial resilience.
Negative Factors
GAAP earnings volatility from hedges
Large mark-to-market swings from derivative accounting reduce earnings quality and produce volatile GAAP results that can obscure operating performance. Persistent unrealized losses can complicate investor assessment and, if judged by certain covenants or stakeholders on GAAP metrics, may create periodic reporting or financing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistently positive operating and free cash flow provides durable internal funding for dividends, development capex and bolt-on M&A. In a cyclical E&P business, reliable cash generation reduces reliance on equity markets, supports capital returns and underpins long-term financial resilience.
Read all positive factors
Vitesse Energy, Inc. Key Performance Indicators (KPIs)
Vitesse Energy, Inc. (VTS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$755.83M
Dividend Yield11.72%
Average Volume (3M)453.99K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue Growth11.44%
EPS Growth-157.45%
CountryUS
Employees33
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.48
Shares Outstanding41,712,425
10 Day Avg. Volume386,093
30 Day Avg. Volume453,994
Financial Highlights & Ratios
PEG Ratio-6.69
Price to Book (P/B)1.15
Price to Sales (P/S)2.65
P/FCF Ratio4.26
Enterprise Value/Market Cap1.19
Enterprise Value/Revenue3.26
Enterprise Value/Gross Profit19.12
Enterprise Value/Ebitda7.19
Forecast
1Y Price Target
$21.67Price Target Upside22.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.01
Revenue Forecast (FY)$283.74M
Vitesse Energy, Inc. Business Overview & Revenue Model
Company Description
Vitesse Energy, Inc. focuses on acquisition, ownership, exploration, development, management, production, exploitation, and dispose of oil and gas properties. The company acquires non-operated working interest and royalty interest ownership primar...
How the Company Makes Money
Vitesse Energy makes money primarily by earning its share of oil, natural gas, and natural gas liquids (NGL) production from the wells in which it owns non-operated working interests. Revenue is generated when production is sold (typically by the ...
Vitesse Energy, Inc. Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call presents a generally positive operational and financial picture: production growth, an accretive Powder River acquisition, solid adjusted EBITDA, positive free cash flow, low leverage (net debt/EBITDA 0.82x), expanded liquidity, and a clear commitment to the $1.75 annualized dividend supported by an extended hedging program. Key negatives include a large GAAP net loss driven by a $48.2 million unrealized hedge mark, a small adjusted net loss (near breakeven), and cautious near-term activity as operators remain disciplined—meaning some upside from higher activity or operated development may be more back-end loaded into 2027. On balance, the positives (growth, balance sheet strength, accretive M&A, hedging to protect the dividend) outweigh the lowlights.Positive Updates
Production Growth
Average production of ~15,962 BOE/d (~16,000 BOE/d) in Q1 2026, up 7% year-over-year; oil weighted (63% oil cut) and oil accounted for 89% of oil and natural gas revenue.
Negative Updates
Large GAAP Net Loss Driven by Unrealized Hedge Mark
GAAP net loss of $42.3 million in Q1 2026, primarily driven by a $48.2 million unrealized hedge loss as of March 31, 2026 — a noncash mark-to-market item that materially impacted GAAP results.
Read all updates
Q1-2026 Updates
Positive
Negative
Production Growth
Average production of ~15,962 BOE/d (~16,000 BOE/d) in Q1 2026, up 7% year-over-year; oil weighted (63% oil cut) and oil accounted for 89% of oil and natural gas revenue.
Read all positive updates
Company Guidance
Management said prior guidance remains unchanged and now incorporates the Powder River Basin acquisition (closed in April for 1.9 million shares and expected to add ~1,400 net BOE/d for the remainder of 2026); they reiterated the annualized Q2 dividend of $1.75/share, maintained full-year CapEx guidance of $50–80 million, and noted Q1 results of ~16,000 BOE/d (63% oil), adjusted EBITDA $33.4 million, adjusted net loss $0.3 million, GAAP net loss $42.3 million (driven by a $48.2 million unrealized hedge loss), free cash flow $12 million after $18.7 million of development CapEx (net), and a balance sheet with total debt $144.5 million (net debt/TTM adj. EBITDA 0.82x) and roughly $130 million liquidity after amending the revolver to a $275 million commitment; development inventory stood at 19.9 net wells (6.2 net drilling/completing, 13.7 net permitted), 72% of YTD AFEs were for 3–4 mile laterals and 67% of the 28 rigs in the Williston were on Vitesse acreage, and the hedge book now extends through 2028 with ~73% of 2026 oil hedged (weighted avg floor $64.68 / ceiling $67.20 per bbl) and ~50% of 2026 gas hedged (weighted avg floor $3.73 / ceiling $4.91 per MMBtu).Vitesse Energy, Inc. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.23M | 273.99M | 242.00M | 233.91M | 281.89M | 185.18M |
| Gross Profit | 46.93M | 51.69M | 72.59M | 91.02M | 162.93M | 126.73M |
| EBITDA | 124.81M | 174.69M | 139.02M | 129.22M | 186.79M | 82.17M |
| Net Income | -19.67M | 25.28M | 21.06M | -21.58M | 118.90M | 18.11M |
Balance Sheet | ||||||
| Total Assets | 882.59M | 893.35M | 810.89M | 765.97M | 660.48M | 611.53M |
| Cash, Cash Equivalents and Short-Term Investments | 3.18M | 1.33M | 2.97M | 552.00K | 10.01M | 5.36M |
| Total Debt | 144.50M | 129.30M | 121.22M | 84.26M | 50.74M | 68.00M |
| Total Liabilities | 312.14M | 264.03M | 310.56M | 219.56M | 91.50M | 125.66M |
| Stockholders Equity | 570.45M | 629.32M | 500.33M | 546.41M | 568.98M | 485.86M |
Cash Flow | ||||||
| Free Cash Flow | 92.39M | 170.35M | 39.68M | 21.28M | 62.46M | 43.65M |
| Operating Cash Flow | 176.88M | 170.35M | 155.00M | 141.94M | 147.04M | 86.97M |
| Investing Cash Flow | -115.97M | -127.66M | -115.32M | -120.67M | -84.58M | -43.32M |
| Financing Cash Flow | -62.22M | -44.33M | -37.27M | -30.73M | -57.81M | -42.59M |
Vitesse Energy, Inc. Technical Analysis
Negative
17.75
Price Trends
18.50
Negative
19.21
Negative
20.42
Negative
Market Momentum
-0.08
Positive
45.57
Neutral
41.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VTS, the sentiment is Negative. The current price of 17.75 is below the 20-day moving average (MA) of 18.44, below the 50-day MA of 18.50, and below the 200-day MA of 20.42, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 45.57 is Neutral, neither overbought nor oversold. The STOCH value of 41.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VTS.
Vitesse Energy, Inc. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $755.83M | -4.30 | -3.12% | 11.72% | 11.44% | -157.45% | |
52 Neutral | $1.80B | -1.56 | -110.09% | ― | -7.65% | -6775.00% | |
| ― | $1.12B | 21.05 | 959.49% | 7.51% | -11.58% | -12.24% | |
63 Neutral | $991.91M | -1.70 | -9.13% | 3.71% | -25.80% | -230.75% | |
60 Neutral | $921.85M | 2.75 | 0.16% | ― | 44.96% | ― |
* Energy Sector Average
VTS
Vitesse Energy, Inc.
18.12
-1.31
-6.75%
KOS
Kosmos Energy
3.03
1.31
76.16%
SBR
Sabine Royalty
77.04
14.83
23.84%
HPK
HighPeak Energy
7.85
-1.93
-19.73%
TXO
TXO Energy Partners LP
13.71
<0.01
0.05%
INR
Infinity Natural Resources, Inc. Class A
14.51
-2.62
-15.29%
Vitesse Energy, Inc. Corporate Events
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Vitesse Energy Posts Q1 2026 Results, Maintains Dividend
Neutral
May 4, 2026
Vitesse Energy reported first quarter 2026 results on May 4, 2026, posting an adjusted net loss of $0.3 million and a GAAP net loss of $42.3 million driven largely by a $48.2 million non-cash unrealized loss on commodity derivatives, while generat...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Vitesse Energy Expands Assets Through Equity-Financed Acquisition
Positive
Apr 10, 2026
On April 8, 2026, Vitesse Energy, Inc. issued 1,935,698 shares of its common stock to a third-party seller in exchange for certain non-operated oil and gas assets, expanding its portfolio without using cash. The transaction was structured as a pri...
Business Operations and StrategyExecutive/Board Changes
Vitesse Energy Announces CEO Transition and New Leadership
Positive
Mar 26, 2026
On March 26, 2026, Vitesse Energy announced a sweeping leadership transition, with founder Robert W. Gerrity resigning immediately as chief executive officer, chairman and director, and lead independent director Dan O’Leary becoming chairman...
Business Operations and StrategyExecutive/Board Changes
Vitesse Energy Expands 2026 Hedging to Enhance Stability
Positive
Mar 13, 2026
On March 11, 2026, Vitesse Energy director M. Bruce Chernoff resigned from the company’s board effective March 13, 2026, with the company stating his departure did not stem from any disagreement over operations, policies, or practices. The b...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Vitesse Energy Expands Non-Operated Footprint with Wyoming Acquisition
Positive
Mar 2, 2026
Vitesse Energy, Inc. reported its fourth quarter and full-year 2025 results on March 2, 2026, posting 2025 net income of $25.3 million, adjusted EBITDA of $179.3 million and average production of 17,444 Boe per day, driven in part by the March 202...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.