Viper Energy Partners Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:VNOM)
Viper Energy Partners (NASDAQ:VNOM) has earned an average rating of “Hold” from the nine brokerages that are presently covering the company, Stock Ratings News reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.17.
Viper Energy Partners (NASDAQ:VNOM) opened at 33.60 on Tuesday. Viper Energy Partners has a 52-week low of $31.00 and a 52-week high of $36.00. The stock has a 50-day moving average of $33.11 and a 200-day moving average of $33.11. The company’s market cap is $2.560 billion.
A number of analysts have recently weighed in on VNOM shares. Analysts at Northland Securities initiated coverage on shares of Viper Energy Partners in a research note on Wednesday. They set a “market perform” rating and a $34.00 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Viper Energy Partners in a research note on Monday, July 14th. They set a “buy” rating and a $41.00 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Viper Energy Partners in a research note on Monday, July 14th. They set a “neutral” rating on the stock.
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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