11 Oil Stocks with Highest Upside Potential

9. Vitesse Energy, Inc. (NYSE:VTS) 

Vitesse Energy, Inc. (NYSE:VTS) is one of the best oil stocks with highest upside potential. On March 4, Northland cut the price target on Vitesse Energy, Inc. (NYSE:VTS) to $19 from $20 while keeping a Market Perform rating on the shares and telling investors that the company’s fiscal Q4 results came in below expectations and it provided 2026 guidance with lower CapEx that improves dividend coverage.

Vitesse Energy, Inc. (NYSE:VTS) released its fiscal Q4 and full-year 2025 financial results on March 2 and also announced the signing of a definitive agreement to acquire non-operated assets in the Powder River Basin of Wyoming for $35 million of Vitesse common stock, with an effective date of January 1, 2026. For the full year 2025, Vitesse Energy, Inc. (NYSE:VTS) reported net income of $25.3 million and adjusted net income of $30.4 million, with adjusted EBITDA of $179.3 million.

Vitesse Energy, Inc. (NYSE:VTS) further reported that oil and natural gas production averaged 17,444 Boe per day, reflecting a sequential growth of 34% from full year 2024. Oil represented 65% of production and 89% of total oil and natural gas revenue. Total revenue, including the effects of realized hedges, was $291.1 million.

Vitesse Energy, Inc. (NYSE:VTS) is involved in the acquisition, ownership, exploration, development, management, production, exploitation, and disposition of oil and gas properties. The company’s focus is on acquiring non-operated working interest and royalty interest ownership primarily in the core of the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana.