StockNews.com Upgrades Viper Energy (NASDAQ:VNOM) to “Hold”

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

Other equities research analysts also recently issued reports about the company. Piper Sandler cut their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Roth Mkm lifted their target price on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays increased their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a research note on Friday, December 13th. Finally, The Goldman Sachs Group began coverage on shares of Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Viper Energy Stock Performance

VNOM stock opened at $51.37 on Friday. The stock has a market cap of $9.68 billion, a P/E ratio of 22.05 and a beta of 1.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a 50 day simple moving average of $51.21 and a 200 day simple moving average of $48.11. Viper Energy has a 52 week low of $30.21 and a 52 week high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results 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 net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the company posted $1.10 EPS. Viper Energy’s revenue was down 28.5% on a year-over-year basis. Research analysts anticipate that Viper Energy will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 acquiring an additional 460 shares during the period. National Bank of Canada FI grew its holdings in shares of Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after purchasing an additional 1,165 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Viper Energy during the 4th quarter worth approximately $94,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Viper Energy in the third quarter valued at $144,000. 87.72% of the stock is owned by institutional investors.

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.