Viper Energy (NASDAQ:VNOM) Downgraded by Wall Street Zen to Sell

Viper Energy (NASDAQ:VNOM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other brokerages have also recently issued reports on VNOM. Piper Sandler dropped their price objective on shares of Viper Energy from $62.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Raymond James Financial reaffirmed an “outperform” rating and issued a $60.00 target price (up previously from $54.00) on shares of Viper Energy in a report on Thursday, June 5th. Bank of America dropped their price target on shares of Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company raised their price objective on shares of Viper Energy from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Viper Energy Stock Down 0.3%

VNOM opened at $40.72 on Friday. Viper Energy has a 52 week low of $34.71 and a 52 week high of $56.76. The business has a 50 day moving average price of $40.81 and a two-hundred day moving average price of $44.70. The company has a quick ratio of 8.70, a current ratio of 8.70 and a debt-to-equity ratio of 0.15. The company has a market cap of $11.75 billion, a PE ratio of 10.72, a P/E/G ratio of 19.49 and a beta of 1.00.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, research analysts anticipate that Viper Energy will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VNOM. Quarry LP purchased a new stake in shares of Viper Energy during the 4th quarter worth approximately $32,000. Assetmark Inc. raised its holdings in Viper Energy by 321.7% during the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 518 shares during the last quarter. UMB Bank n.a. boosted its position in Viper Energy by 129.0% during the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 414 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Viper Energy by 43.9% during the fourth quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 214 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in Viper Energy in the first quarter valued at $34,000. 87.72% of the stock is 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.