Viper Energy (NASDAQ:VNOM) Rating Increased to Hold at Wall Street Zen

Viper Energy (NASDAQ:VNOM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

Several other equities research analysts have also recently commented on the stock. Evercore ISI lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Piper Sandler lowered their price target on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Barclays lifted their price target on shares of Viper Energy from $57.00 to $60.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Mizuho lifted their price target on shares of Viper Energy from $54.00 to $55.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $60.00 price target (up previously from $54.00) on shares of Viper Energy in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Viper Energy currently has an average rating of "Moderate Buy" and an average target price of $57.00.

Viper Energy Trading Down 0.9%

VNOM opened at $38.22 on Friday. The company has a current ratio of 8.70, a quick ratio of 8.70 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $11.03 billion, a PE ratio of 10.06, a PEG ratio of 18.29 and a beta of 1.00. Viper Energy has a 1-year low of $34.71 and a 1-year high of $56.76. The firm has a 50-day moving average price of $40.71 and a two-hundred day moving average price of $44.31.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping the consensus estimate of $0.45 by $0.09. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. The company had revenue of $245.00 million during the quarter, compared to analysts' expectations of $233.99 million. During the same quarter in the previous year, the company earned $0.49 EPS. As a group, equities analysts anticipate that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VNOM. Vanguard Group Inc. grew its holdings in Viper Energy by 28.9% during the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer's stock valued at $587,708,000 after purchasing an additional 2,921,832 shares during the period. Raymond James Financial Inc. bought a new position in Viper Energy in the fourth quarter valued at approximately $95,505,000. Price T Rowe Associates Inc. MD lifted its stake in Viper Energy by 21.6% in the first 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 in the last quarter. Alyeska Investment Group L.P. lifted its stake in Viper Energy by 763.4% in the first quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer's stock valued at $81,254,000 after buying an additional 1,591,212 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Viper Energy by 12.2% in the first 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 buying an additional 1,301,933 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.