Viper Energy (NASDAQ:VNOM) PT Raised to $52.00

Viper Energy (NASDAQ:VNOM) had its price objective hoisted by analysts at Truist Financial from $47.00 to $52.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. Truist Financial’s target price would suggest a potential upside of 32.52% from the company’s previous close.

A number of other equities analysts have also recently commented on VNOM. Evercore ISI reiterated an “outperform” rating and issued a $37.00 target price on shares of Viper Energy in a report on Thursday, December 7th. Piper Sandler decreased their price target on Viper Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th. Raymond James decreased their price target on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, StockNews.com lowered Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.75.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $39.24 on Friday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 14.53 and a beta of 1.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a 50 day moving average price of $35.41 and a 200-day moving average price of $31.77. Viper Energy has a one year low of $24.48 and a one year high of $39.39.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. The firm had revenue of $204.70 million during the quarter, compared to analysts’ expectations of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. Equities analysts expect that Viper Energy will post 1.62 EPS for the current year.

Institutional Investors Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Viper Energy by 1,045.4% in the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock worth $215,825,000 after acquiring an additional 6,277,324 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Viper Energy by 20.0% in the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock worth $423,344,000 after acquiring an additional 2,246,219 shares in the last quarter. Scout Investments Inc. bought a new position in shares of Viper Energy in the 4th quarter worth $40,808,000. Epoch Investment Partners Inc. raised its position in shares of Viper Energy by 91.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock worth $78,616,000 after acquiring an additional 1,197,567 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in shares of Viper Energy in the 4th quarter worth $24,448,000. 87.72% of the stock is owned by institutional investors.

About Viper Energy

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.