Viper Energy's (VNOM) "Outperform" Rating Reiterated at Evercore ISI

Viper Energy (NASDAQ:VNOM - Get Free Report)'s stock had its "outperform" rating restated by Evercore ISI in a note issued to investors on Wednesday,Benzinga reports. They presently have a $49.00 price target on the oil and gas producer's stock. Evercore ISI's price target suggests a potential upside of 22.59% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Piper Sandler reduced their price target on shares of Viper Energy from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Raymond James set a $52.00 target price on shares of Viper Energy in a report on Monday, April 21st. Barclays decreased their price objective on shares of Viper Energy from $60.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of Viper Energy from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Mizuho assumed coverage on Viper Energy in a research report on Monday, March 31st. They set an "outperform" rating and a $56.00 price objective for the company. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Viper Energy presently has a consensus rating of "Moderate Buy" and an average target price of $56.31.

Viper Energy Stock Down 3.5 %

NASDAQ:VNOM opened at $39.97 on Wednesday. The company has a market cap of $8.52 billion, a PE ratio of 17.15 and a beta of 1.05. Viper Energy has a one year low of $34.71 and a one year high of $56.76. The firm's 50 day simple moving average is $41.76 and its 200 day simple moving average is $47.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Viper Energy by 3,200.2% in the third quarter. Principal Financial Group Inc. now owns 235,307 shares of the oil and gas producer's stock worth $10,615,000 after acquiring an additional 228,177 shares in the last quarter. Barclays PLC grew its stake in Viper Energy by 103.3% during the 3rd quarter. Barclays PLC now owns 43,962 shares of the oil and gas producer's stock valued at $1,982,000 after purchasing an additional 22,334 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Viper Energy during the 4th quarter valued at about $358,000. Rhumbline Advisers boosted its stake in shares of Viper Energy by 6.4% in the fourth quarter. Rhumbline Advisers now owns 268,297 shares of the oil and gas producer's stock worth $13,165,000 after acquiring an additional 16,172 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Viper Energy by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 10,094,960 shares of the oil and gas producer's stock valued at $495,360,000 after buying an additional 239,404 shares during the last quarter. Institutional investors 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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