Truist Financial Raises Viper Energy (NASDAQ:VNOM) Price Target to $57.00

Viper Energy (NASDAQ:VNOM) had its price target upped by Truist Financial from $54.00 to $57.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. Truist Financial’s price objective would indicate a potential upside of 11.18% from the company’s previous close.

VNOM has been the topic of a number of other reports. Piper Sandler increased their target price on shares of Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Roth Mkm increased their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Evercore ISI upped their price target on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Finally, Barclays lifted their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Viper Energy Trading Down 0.0 %

Shares of NASDAQ VNOM traded down $0.02 during trading on Monday, hitting $51.27. 70,477 shares of the company were exchanged, compared to its average volume of 1,107,233. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The company has a fifty day moving average price of $47.36 and a 200-day moving average price of $41.98. Viper Energy has a 12-month low of $27.61 and a 12-month high of $52.32. The firm has a market capitalization of $9.07 billion, a PE ratio of 17.57 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The firm had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. As a group, equities research analysts expect that Viper Energy will post 1.99 EPS for the current year.

Hedge Funds Weigh In On Viper Energy

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Viper Energy in the second quarter valued at $36,000. Plato Investment Management Ltd boosted its stake in Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares in the last quarter. ORG Partners LLC boosted its stake in Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Viper Energy during the third quarter worth about $144,000. 87.72% of the stock is currently owned by hedge funds and other 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.