Viper Energy (NASDAQ:VNOM) PT Raised to $43.00

Viper Energy (NASDAQ:VNOM) had its target price upped by investment analysts at Piper Sandler from $36.00 to $43.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas producer’s stock. Piper Sandler’s price objective points to a potential upside of 10.14% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Barclays began coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price objective on the stock. Raymond James cut their target price on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. StockNews.com lowered shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Truist Financial increased their target price on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Viper Energy Trading Up 0.3 %

Shares of NASDAQ VNOM opened at $39.04 on Friday. The firm has a 50 day moving average price of $37.07 and a two-hundred day moving average price of $32.61. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. Viper Energy has a 52-week low of $24.48 and a 52-week high of $41.22. The stock has a market cap of $6.90 billion, a P/E ratio of 14.46 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company had revenue of $204.70 million for the quarter, compared to analyst estimates of $204.61 million. During the same period in the prior year, the firm posted $0.28 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. As a group, equities analysts forecast that Viper Energy will post 1.52 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Requisite Capital Management LLC lifted its stake in shares of Viper Energy by 2.7% in the first quarter. Requisite Capital Management LLC now owns 46,672 shares of the oil and gas producer’s stock valued at $1,795,000 after buying an additional 1,228 shares in the last quarter. True North Advisors LLC purchased a new stake in shares of Viper Energy in the first quarter valued at about $722,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Viper Energy by 139.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 36,100 shares of the oil and gas producer’s stock valued at $1,133,000 after purchasing an additional 21,030 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Viper Energy by 1,045.4% in the fourth quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock valued at $215,825,000 after purchasing an additional 6,277,324 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Viper Energy by 20.0% in the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after purchasing an additional 2,246,219 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.