Viper Energy (NASDAQ:VNOM) Price Target Raised to $58.00 at Barclays

Viper Energy (NASDAQ:VNOM) had its price objective lifted by Barclays from $52.00 to $58.00 in a research report report published on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the oil and gas producer’s stock.

Several other research analysts have also recently commented on VNOM. Truist Financial boosted their price target on Viper Energy from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Roth Mkm upped their target price on 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. upped 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. Piper Sandler upped their target price on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Evercore ISI upped their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

Viper Energy Trading Down 0.6 %

Shares of VNOM opened at $52.63 on Tuesday. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $9.31 billion, a P/E ratio of 22.59 and a beta of 1.72. The stock’s fifty day simple moving average is $48.56 and its 200 day simple moving average is $43.04. Viper Energy has a twelve month low of $27.61 and a twelve month high of $54.66.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period last year, the company posted $1.10 earnings per share. The firm’s revenue was down 28.5% compared to the same quarter last year. On average, equities research analysts forecast that Viper Energy will post 2.03 earnings per share for the current year.

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC grew its holdings in Viper Energy by 208.1% in 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 in the last quarter. International Assets Investment Management LLC acquired a new stake in Viper Energy in the second quarter worth approximately $36,000. Plato Investment Management Ltd lifted its position 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 during the period. Finally, ORG Partners LLC lifted its position 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 worth $107,000 after purchasing an additional 2,550 shares during the period. 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.