Viper Energy (NASDAQ:VNOM) Rating Increased to Hold at StockNews.com

Viper Energy (NASDAQ:VNOM) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Roth Mkm lifted their price target on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Truist Financial upped their price objective on Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Monday. Piper Sandler cut their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Barclays upped their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Viper Energy Stock Up 0.8 %

Shares of NASDAQ:VNOM traded up $0.43 during trading on Friday, hitting $51.37. 680,045 shares of the company were exchanged, compared to its average volume of 809,631. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 22.05 and a beta of 1.73. Viper Energy has a fifty-two week low of $30.21 and a fifty-two week high of $56.76. The firm has a fifty day moving average price of $51.21 and a two-hundred day moving average price of $48.05. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. As a group, research analysts anticipate that Viper Energy will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in shares of Viper Energy by 33.3% during the second quarter. Commonwealth Equity Services LLC now owns 18,606 shares of the oil and gas producer’s stock valued at $698,000 after buying an additional 4,653 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Viper Energy during the 2nd quarter worth approximately $1,081,000. American Century Companies Inc. raised its stake in shares of Viper Energy by 14.0% in the second quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after purchasing an additional 2,962 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Viper Energy by 45.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,102 shares of the oil and gas producer’s stock valued at $792,000 after purchasing an additional 6,566 shares during the last quarter. Finally, Amalgamated Bank bought a new position in Viper Energy during the second quarter valued at about $616,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.