Viper Energy Partners Coverage Initiated at Sterne Agee (VNOM)
Sterne Agee assumed coverage on shares of Viper Energy Partners (NASDAQ:VNOM) in a research note issued on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Viper Energy Partners (NASDAQ:VNOM) traded down 2.08% on Monday, hitting $32.00. The stock had a trading volume of 32,174 shares. Viper Energy Partners has a 52-week low of $31.00 and a 52-week high of $36.00. The stock’s 50-day moving average is $33.16 and its 200-day moving average is $33.16. The company’s market cap is $2.438 billion.
VNOM has been the subject of a number of other recent research reports. Analysts at Raymond James initiated coverage on shares of Viper Energy Partners in a research note on Monday. They set a “market perform” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Viper Energy Partners in a research note on Monday. They set a “neutral” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of Viper Energy Partners in a research note on Monday. They set an “overweight” rating and a $36.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Viper Energy Partners currently has an average rating of “Hold” and a consensus target price of $35.67.
Viper Energy Partners LP is a limited partnership formed by Diamondback Energy, Inc (NASDAQ:VNOM) to own, acquire and exploit oil and natural gas properties in North America.
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