Piper Sandler Increases Viper Energy (NASDAQ:VNOM) Price Target to $44.00

Viper Energy (NASDAQ:VNOM) had its target price raised by stock analysts at Piper Sandler from $43.00 to $44.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas producer’s stock. Piper Sandler’s price target suggests a potential upside of 6.93% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Barclays began coverage on Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target on the stock. Evercore ISI boosted their price objective on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, July 8th. TD Securities boosted their price objective on Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Truist Financial boosted their price objective on Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Viper Energy Trading Down 0.2 %

Shares of VNOM opened at $41.15 on Thursday. Viper Energy has a 52-week low of $25.49 and a 52-week high of $41.83. The business’s fifty day moving average is $37.92 and its 200-day moving average is $36.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.46 and a current ratio of 3.46. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 15.13 and a beta of 1.74.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The company had revenue of $205.39 million for the quarter, compared to analyst estimates of $200.63 million. Equities analysts anticipate that Viper Energy will post 1.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Viper Energy

Institutional investors have recently made changes to their positions in the stock. Cannon Global Investment Management LLC bought a new stake in shares of Viper Energy in the 4th quarter valued at about $631,000. Scout Investments Inc. bought a new stake in shares of Viper Energy in the 4th quarter valued at about $40,808,000. Empowered Funds LLC lifted its stake in shares of Viper Energy by 458.2% in the 1st quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer’s stock valued at $2,924,000 after purchasing an additional 62,411 shares during the period. Integrated Advisors Network LLC lifted its stake in shares of Viper Energy by 118.6% in the 4th quarter. Integrated Advisors Network LLC now owns 66,516 shares of the oil and gas producer’s stock valued at $2,087,000 after purchasing an additional 36,085 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Viper Energy by 13.4% in the 3rd quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock valued at $16,741,000 after purchasing an additional 70,815 shares during the period. Institutional investors own 87.72% of the company’s stock.

About Viper Energy

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.