Viper Energy (NASDAQ:VNOM) Given New $55.00 Price Target at Mizuho

Viper Energy (NASDAQ:VNOM - Get Free Report) had its price objective boosted by Mizuho from $54.00 to $55.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the oil and gas producer's stock. Mizuho's price objective points to a potential upside of 36.85% from the company's previous close.

A number of other research analysts also recently commented on the stock. Evercore ISI reissued an "outperform" rating and set a $49.00 target price on shares of Viper Energy in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their price objective on shares of Viper Energy from $49.00 to $47.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. 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 report on Wednesday, May 28th. The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research note on Monday, March 3rd. Finally, KeyCorp dropped their price objective on shares of Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $56.85.

Viper Energy Trading Up 0.1%

Shares of VNOM traded up $0.05 during trading hours on Wednesday, reaching $40.19. 2,024,874 shares of the company traded hands, compared to its average volume of 1,347,860. Viper Energy has a 12-month low of $34.71 and a 12-month high of $56.76. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 17.25 and a beta of 1.05. The stock's fifty day moving average price is $40.51 and its 200 day moving average price is $45.87. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $245.00 million during the quarter, compared to analysts' expectations of $233.99 million. During the same period in the prior year, the business earned $0.49 EPS. Sell-side analysts forecast that Viper Energy will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VNOM. Vanguard Group Inc. increased its stake in Viper Energy by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer's stock worth $587,708,000 after buying an additional 2,921,832 shares during the period. Wellington Management Group LLP raised its position in shares of Viper Energy by 12.2% in the 1st quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer's stock valued at $539,719,000 after purchasing an additional 1,301,933 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Viper Energy by 21.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer's stock valued at $451,336,000 after buying an additional 1,778,093 shares during the last quarter. FIL Ltd boosted its stake in shares of Viper Energy by 8.5% during the 4th quarter. FIL Ltd now owns 3,964,130 shares of the oil and gas producer's stock valued at $194,520,000 after buying an additional 310,890 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Viper Energy by 19.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,751,660 shares of the oil and gas producer's stock worth $124,238,000 after buying an additional 442,235 shares during the last quarter. 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.