Viper Energy's (VNOM) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Viper Energy's stock maintains a "hold (C)" rating as reaffirmed by Weiss Ratings, amidst various price target adjustments from other analysts.
• The company reported earnings of $0.41 per share, exceeding expectations and showing a significant 37.1% year-over-year revenue increase to $297 million.
• Institutional investors and hedge funds hold approximately 87.72% of Viper Energy's stock, indicating strong institutional interest in the company.

Viper Energy (NASDAQ:VNOM - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

VNOM has been the subject of several other reports. Roth Capital set a $50.00 price target on Viper Energy and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wells Fargo & Company lowered their price objective on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, August 14th. Mizuho cut their price objective on shares of Viper Energy from $55.00 to $51.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Raymond James Financial reaffirmed an "outperform" rating and set a $57.00 price objective (down from $60.00) on shares of Viper Energy in a research report on Tuesday, July 29th. Finally, William Blair began coverage on Viper Energy in a research report on Monday, August 25th. They issued an "outperform" rating on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Viper Energy currently has an average rating of "Moderate Buy" and a consensus target price of $55.07.

Viper Energy Price Performance

VNOM stock remained flat at $38.31 during trading on Wednesday. 2,198,255 shares of the company traded hands, compared to its average volume of 1,812,882. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. The company has a 50 day simple moving average of $38.34 and a 200-day simple moving average of $39.48. Viper Energy has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a market cap of $11.05 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 17.22 and a beta of 0.92.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. During the same quarter in the previous year, the company posted $0.62 EPS. Viper Energy's revenue was up 37.1% on a year-over-year basis. Equities analysts expect that Viper Energy will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its position in shares of Viper Energy by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 18,070 shares of the oil and gas producer's stock worth $816,000 after purchasing an additional 249 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Viper Energy by 4.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,801 shares of the oil and gas producer's stock worth $260,000 after purchasing an additional 279 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 16.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,354 shares of the oil and gas producer's stock worth $90,000 after acquiring an additional 337 shares during the period. Assetmark Inc. boosted its position in shares of Viper Energy by 48.7% during the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer's stock worth $41,000 after acquiring an additional 350 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its position in shares of Viper Energy by 3.9% during the 1st quarter. Segment Wealth Management LLC now owns 9,520 shares of the oil and gas producer's stock worth $430,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

About Viper Energy

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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