TD Securities Increases Viper Energy (NASDAQ:VNOM) Price Target to $58.00

Viper Energy (NASDAQ:VNOM - Get Free Report) had its price objective raised by stock analysts at TD Securities from $57.00 to $58.00 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the oil and gas producer's stock. TD Securities' price target suggests a potential upside of 44.31% from the stock's previous close.

A number of other research firms also recently weighed in on VNOM. Wall Street Zen downgraded Viper Energy from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Piper Sandler dropped their target price on Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Bank of America dropped their target price on Viper Energy from $53.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group set a $72.00 target price on Viper Energy in a research report on Monday, March 3rd. Finally, Raymond James restated an "outperform" rating and set a $54.00 target price (up previously from $52.00) on shares of Viper Energy in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $56.85.

Viper Energy Price Performance

VNOM traded up $0.05 during trading on Wednesday, hitting $40.19. The company's stock had a trading volume of 2,024,874 shares, compared to its average volume of 1,347,860. The firm's 50 day moving average price is $40.51 and its two-hundred day moving average price is $45.87. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 12 month low of $34.71 and a 12 month high of $56.76. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 17.25 and a beta of 1.05.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. During the same quarter in the previous year, the company posted $0.49 EPS. Sell-side analysts forecast that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viper Energy

Institutional investors have recently made changes to their positions in the stock. Barclays PLC grew its stake in Viper Energy by 103.3% in the third quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after acquiring an additional 22,334 shares during the period. Stratos Wealth Partners LTD. grew its stake in Viper Energy by 0.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 123,086 shares of the oil and gas producer's stock valued at $6,040,000 after acquiring an additional 529 shares during the period. Stratos Wealth Advisors LLC acquired a new position in Viper Energy in the fourth quarter valued at about $450,000. Spirit of America Management Corp NY grew its stake in Viper Energy by 7.6% in the fourth quarter. Spirit of America Management Corp NY now owns 30,600 shares of the oil and gas producer's stock valued at $1,502,000 after acquiring an additional 2,150 shares during the period. Finally, Caitlin John LLC grew its stake in Viper Energy by 3.3% in the fourth quarter. Caitlin John LLC now owns 36,534 shares of the oil and gas producer's stock valued at $1,793,000 after acquiring an additional 1,162 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

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.