Piper Sandler Boosts Viper Energy (NASDAQ:VNOM) Price Target to $61.00

Viper Energy (NASDAQ:VNOMGet Free Report) had its price objective upped by equities research analysts at Piper Sandler from $57.00 to $61.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas producer’s stock. Piper Sandler’s price target suggests a potential upside of 17.38% from the company’s previous close.

Several other brokerages have also weighed in on VNOM. Evercore ISI increased their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Barclays raised their price target on Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Truist Financial lowered their price objective on shares of Viper Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, September 30th. JPMorgan Chase & Co. boosted 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. Finally, TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.00.

View Our Latest Stock Report on Viper Energy

Viper Energy Price Performance

Shares of VNOM opened at $51.97 on Tuesday. The stock has a market cap of $9.19 billion, a P/E ratio of 17.80 and a beta of 1.73. The stock’s 50-day moving average price is $46.83 and its two-hundred day moving average price is $41.62. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy has a 1 year low of $27.61 and a 1 year high of $52.32.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VNOM. GAMMA Investing LLC grew its holdings in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 460 shares during the last quarter. International Assets Investment Management LLC bought a new position in Viper Energy during the 2nd quarter valued at approximately $36,000. Plato Investment Management Ltd raised its position in shares of Viper Energy by 119.2% in the 2nd 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 last quarter. ORG Partners LLC raised its holdings 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 buying an additional 2,550 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 2,019 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Company Profile

(Get Free Report)

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.

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