Viper Energy (NASDAQ:VNOM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.
Other analysts have also issued reports about the company. William Blair assumed coverage on Viper Energy in a report on Monday, August 25th. They issued an "outperform" rating on the stock. Jefferies Financial Group assumed coverage on Viper Energy in a research report on Thursday. They issued a "hold" rating and a $38.00 target price on the stock. KeyCorp lowered their target price on Viper Energy from $56.00 to $54.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 3rd. TD Securities set a $54.00 target price on Viper Energy in a research report on Tuesday, September 30th. Finally, Roth Capital set a $50.00 target price on Viper Energy and gave the company a "buy" rating in a research report on Tuesday, August 26th. Fifteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.07.
Check Out Our Latest Stock Report on Viper Energy
Viper Energy Stock Down 2.0%
Shares of Viper Energy stock traded down $0.75 during trading on Friday, reaching $37.26. The stock had a trading volume of 1,131,334 shares, compared to its average volume of 1,647,144. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 16.81 and a beta of 0.92. The stock has a fifty day moving average price of $38.16 and a two-hundred day moving average price of $38.99. Viper Energy has a 52 week low of $34.71 and a 52 week high of $56.76. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.
Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a return on equity of 3.92% and a net margin of 37.84%.The company's quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. Sell-side analysts predict that Viper Energy will post 2.02 EPS for the current fiscal year.
Institutional Investors Weigh In On Viper Energy
Institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new stake in shares of Viper Energy during the second quarter worth approximately $27,000. Cullen Frost Bankers Inc. bought a new stake in shares of Viper Energy in the first quarter valued at approximately $34,000. Steigerwald Gordon & Koch Inc. bought a new stake in Viper Energy during the third quarter worth $31,000. AlphaQuest LLC bought a new stake in Viper Energy during the first quarter worth $41,000. Finally, Golden State Wealth Management LLC lifted its stake in Viper Energy by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 87.72% of the company's stock.
About Viper Energy
(
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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