Viper Energy (NASDAQ:VNOM - Get Free Report) had its price target increased by stock analysts at Piper Sandler from $65.00 to $66.00 in a report released on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the oil and gas producer's stock. Piper Sandler's target price suggests a potential upside of 77.76% from the stock's current price.
VNOM has been the subject of several other reports. Raymond James Financial reiterated an "outperform" rating and set a $60.00 price target (up from $54.00) on shares of Viper Energy in a research report on Thursday, June 5th. Bank of America decreased their price target on Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Barclays boosted their price objective on Viper Energy from $57.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Mizuho upped their price target on Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Viper Energy from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.38.
Check Out Our Latest Stock Analysis on Viper Energy
Viper Energy Stock Up 1.6%
Shares of VNOM opened at $37.13 on Thursday. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 18.00 and a beta of 0.97. Viper Energy has a 1 year low of $34.71 and a 1 year high of $56.76. The business's 50 day simple moving average is $39.88 and its 200-day simple moving average is $43.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.70 and a quick ratio of 8.70.
Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities analysts expect that Viper Energy will post 2.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Viper Energy
Several hedge funds have recently made changes to their positions in VNOM. Quarry LP acquired a new position in Viper Energy in the fourth quarter valued at $32,000. UMB Bank n.a. increased its holdings in Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 414 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Viper Energy in the first quarter valued at about $34,000. AlphaQuest LLC acquired a new position in Viper Energy in the first quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC boosted its stake in Viper Energy by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 87.72% of the company's stock.
Viper Energy Company Profile
(
Get Free Report)
Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
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