Vitesse EnergyNYSE: VTS

Here is how Vitesse Energy (VTS) and Weatherford (WFRD) have performed compared to their sector so far this year.

Vitesse (VTS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Vitesse Energy (VTS) reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.32 per share. This is an improvement from a loss of $1.67 per share in the same quarter last year.

Vitesse Energy is a small cap, non-operated Bakken player with a lightly levered balance sheet and a high base dividend yield. The company has maintained a $0.50 quarterly dividend for four quarters, and we expect them to maintain this level in 2024 on our Base case. A 5x multiple of our 2024 Base Case EBITDA would result in nearly 30% appreciation.

Vitesse Energy, a newcomer to the oil industry, owns oil rights in Montana and North Dakota and generates substantial free cash flow and strong dividends. The company does not extract oil themselves but relies on larger companies to handle operations and marketing. Vitesse heavily hedges its production to protect profitability from potential drops in oil prices.

Vitesse Energy, Inc. (NYSE:VTS ) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Ben Messier - Director, IR Bob Gerrity - Chairman and CEO Brian Cree - President Jimmy Henderson - CFO Conference Call Participants John White - ROTH Capital Partners Donovan Schafer - Northland Capital Markets Jeff Brent - Alliance Global Partners Operator Greetings, and welcome to the Vitesse Energy Third Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Vitesse Energy, Inc. (NYSE:VTS ) Q2 2023 Results Conference Call August 1, 2023 9:00 AM ET Company Participants Ben Messier - Director, IR Bob Gerrity - Chairman and CEO Brian Cree - President Dave Macosko - CFO Conference Call Participants Chris Baker - Evercore ISI Lloyd Byrne - Jefferies Donovan Schafer - Northland Capital Markets Michael Schwartz - Jefferies Operator Greetings. Welcome to Vitesse Energy Second Quarter 2023 Earnings Call.

Understanding the company's business model is key to both the bear and bull cases. The stock's yield will attract passive-income investors, but it might not prove sustainable at the current levels.

CENTENNIAL, Colo.--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced that it plans to issue its second quarter 2023 financial and operating results on Monday, July 31, 2023, after market close. Additionally, the Company will host a conference call on Tuesday, August 1, 2023, at 9:00 a.m. Eastern Time. The Company will simultaneously post an updated corporate slide presentation with respect to those results on Vitesse's website, www.vitesse-vts.com, i.