Viper Energy (NASDAQ:VNOM) Stock Price Expected to Rise, Barclays Analyst Says

Viper Energy (NASDAQ:VNOM) had its price target upped by investment analysts at Barclays from $52.00 to $58.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price target indicates a potential upside of 9.56% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Evercore ISI lifted their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. TD Securities boosted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Roth Mkm increased their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Piper Sandler upped their price objective on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.38.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $52.94 on Tuesday. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $9.36 billion, a PE ratio of 18.13 and a beta of 1.72. The firm’s 50 day moving average price is $48.47 and its 200-day moving average price is $42.94. Viper Energy has a twelve month low of $27.61 and a twelve month high of $53.25.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Equities research analysts expect that Viper Energy will post 2.03 EPS for the current year.

Hedge Funds Weigh In On Viper Energy

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in Viper Energy by 328.5% in the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares during the period. GAMMA Investing LLC increased its holdings in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares during the period. International Assets Investment Management LLC bought a new stake in Viper Energy during the second quarter valued at about $36,000. Plato Investment Management Ltd raised its holdings 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 worth $106,000 after purchasing an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC lifted its position in shares of Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,550 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.