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

Viper Energy (NASDAQ:VNOM - Get Free Report) had its target price hoisted by equities research analysts at Barclays from $58.00 to $60.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas producer's stock. Barclays's target price points to a potential upside of 20.70% from the company's previous close.

Several other analysts have also weighed in on VNOM. StockNews.com upgraded shares of Viper Energy from a "sell" rating to a "hold" rating in a research note on Friday, January 17th. Raymond James increased their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Piper Sandler decreased their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Evercore ISI raised their price target on Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, Roth Mkm upped their price objective 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.55.

Viper Energy Stock Down 0.6 %

Shares of VNOM traded down $0.30 during trading on Monday, reaching $49.71. The company's stock had a trading volume of 1,974,706 shares, compared to its average volume of 1,971,103. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 21.33 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. The company has a fifty day moving average of $49.85 and a two-hundred day moving average of $48.83. Viper Energy has a twelve month low of $31.39 and a twelve month high of $56.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm's revenue was down 28.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 EPS. On average, sell-side analysts predict that Viper Energy will post 2.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently modified their holdings of VNOM. Golden State Wealth Management LLC purchased a new stake in shares of Viper Energy during the fourth quarter worth $25,000. Farther Finance Advisors LLC grew its stake in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 450 shares in the last quarter. GAMMA Investing LLC increased its holdings in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after buying an additional 460 shares during the last quarter. Assetmark Inc. increased its holdings in Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares during the last quarter. Finally, First Horizon Advisors Inc. raised 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 valued at $34,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

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.