Barclays Increases Viper Energy (NASDAQ:VNOM) Price Target to $60.00

Viper Energy (NASDAQ:VNOM) had its target price raised by equities research analysts at Barclays from $58.00 to $60.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s target price would suggest a potential upside of 23.20% from the stock’s current price.

A number of other equities research analysts also recently weighed in on VNOM. Evercore ISI boosted their target price on Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research note on Friday, December 13th. Roth Mkm lifted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Truist Financial lowered their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Finally, Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Trading Up 1.8 %

Shares of VNOM stock opened at $48.70 on Monday. The business’s 50 day moving average is $50.04 and its two-hundred day moving average is $48.78. 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 has a 12 month low of $30.56 and a 12 month high of $56.76. The company has a market cap of $9.18 billion, a PE ratio of 20.90 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM) last posted its quarterly 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 company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. Equities analysts predict that Viper Energy will post 2.02 EPS for the current year.

Institutional Trading of Viper Energy

A number of hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in 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 during the last quarter. Navellier & Associates Inc. increased its stake in shares of Viper Energy by 5.6% during the fourth quarter. Navellier & Associates Inc. now owns 81,610 shares of the oil and gas producer’s stock worth $4,005,000 after purchasing an additional 4,300 shares during the period. O Brien Greene & Co. Inc lifted its holdings in Viper Energy by 18.2% during the 4th quarter. O Brien Greene & Co. Inc now owns 8,275 shares of the oil and gas producer’s stock worth $406,000 after purchasing an additional 1,275 shares during the last quarter. Boston Financial Mangement LLC acquired a new position in Viper Energy in the 4th quarter valued at $204,000. Finally, Concurrent Investment Advisors LLC increased its position in Viper Energy by 20.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,462 shares of the oil and gas producer’s stock worth $1,004,000 after buying an additional 3,474 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

About Viper Energy

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.