Viper Energy Partners Receives Consensus Rating of “Hold” from Analysts (NASDAQ:VNOM)
Shares of Viper Energy Partners (NASDAQ:VNOM) have earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, Analyst Ratings.Net reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.67.
A number of analysts have recently weighed in on VNOM shares. Analysts at Robert W. Baird cut their price target on shares of Viper Energy Partners from $36.00 to $33.00 in a research note on Wednesday, July 30th. They now have a “neutral” rating on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Viper Energy Partners in a research note on Wednesday, July 16th. They set a “market perform” rating and a $34.00 price target on the stock. Finally, 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.
Shares of Viper Energy Partners (NASDAQ:VNOM) traded up 1.77% during mid-day trading on Monday, hitting $32.70. 250 shares of the company’s stock traded hands. Viper Energy Partners has a 1-year low of $30.035 and a 1-year high of $36.00. The stock’s 50-day moving average is $32.08 and its 200-day moving average is $32.34. The company’s market cap is $2.492 billion.
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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