Viper Energy (NASDAQ:VNOM) Rating Lowered to “Sell” at StockNews.com

Viper Energy (NASDAQ:VNOM) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other research firms have also recently commented on VNOM. Truist Financial reduced their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday. The Goldman Sachs Group assumed coverage on shares of Viper Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $70.00 price target for the company. Barclays upped their target price on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Friday, December 13th. Finally, Roth Mkm upped their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Stock Up 1.8 %

Shares of NASDAQ VNOM opened at $48.70 on Monday. The business has a 50-day simple moving average of $50.04 and a two-hundred day simple moving average of $48.78. Viper Energy has a 52 week low of $30.56 and a 52 week high of $56.76. The company has a market cap of $9.18 billion, a P/E ratio of 20.90 and a beta of 1.71. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) 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 analysts’ expectations of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Research analysts anticipate that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Institutional Trading of Viper Energy

A number of institutional investors have recently modified their holdings of VNOM. Golden State Wealth Management LLC bought a new position in Viper Energy during the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its position in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC raised 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 purchasing an additional 460 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 1,165 shares during the period. 87.72% of the stock is currently owned by hedge funds and other 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.