Roth Mkm Raises Viper Energy (NASDAQ:VNOM) Price Target to $53.00

Viper Energy (NASDAQ:VNOM) had its target price boosted by research analysts at Roth Mkm from $46.00 to $53.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas producer’s stock. Roth Mkm’s price objective indicates a potential upside of 3.43% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Piper Sandler raised their price target on shares of Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday. 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. JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Securities lifted their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Evercore ISI upped their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy has a consensus rating of “Moderate Buy” and an average price target of $48.63.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM traded up $0.95 during midday trading on Wednesday, reaching $51.24. 235,145 shares of the company traded hands, compared to its average volume of 1,115,685. The firm’s fifty day moving average price is $46.97 and its two-hundred day moving average price is $41.70. The firm has a market capitalization of $9.06 billion, a price-to-earnings ratio of 17.55 and a beta of 1.73. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy has a 12 month low of $27.61 and a 12 month high of $52.32.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company’s revenue was up 34.8% on a year-over-year basis. On average, equities analysts expect that Viper Energy will post 1.98 earnings per share for the current year.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently made changes to their positions in VNOM. Vanguard Group Inc. boosted its holdings in Viper Energy by 1,045.4% during the 4th quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock valued at $215,825,000 after acquiring an additional 6,277,324 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Viper Energy by 139.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 36,100 shares of the oil and gas producer’s stock worth $1,133,000 after purchasing an additional 21,030 shares during the last quarter. True North Advisors LLC purchased a new position in shares of Viper Energy in the first quarter worth $722,000. Requisite Capital Management LLC raised its holdings in Viper Energy by 2.7% during the 1st quarter. Requisite Capital Management LLC now owns 46,672 shares of the oil and gas producer’s stock valued at $1,795,000 after buying an additional 1,228 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in Viper Energy during the 1st quarter valued at $537,000. 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.