Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.32 and last traded at $53.32, with a volume of 948 shares changing hands. The stock had previously closed at $52.16.
Wall Street Analyst Weigh In
Several analysts recently weighed in on VNOM shares. Truist Financial upped their price objective on Viper Energy from $54.00 to $57.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. TD Securities increased their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, September 12th. Piper Sandler boosted their target price on shares of Viper Energy from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Roth Mkm increased their price target on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price objective on Viper Energy from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.
View Our Latest Report on VNOM
Viper Energy Trading Up 1.5 %
The firm has a 50 day moving average price of $48.38 and a two-hundred day moving average price of $42.85. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 18.11 and a beta of 1.72.
Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The firm had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. During the same quarter last year, the business earned $0.47 EPS. The company's revenue was up 34.8% compared to the same quarter last year. As a group, equities analysts forecast that Viper Energy, Inc. will post 2.03 earnings per share for the current year.
Hedge Funds Weigh In On Viper Energy
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Viper Energy by 328.5% in the third 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 during the period. GAMMA Investing LLC boosted its stake in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after acquiring an additional 460 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Viper Energy in the second quarter worth $36,000. Plato Investment Management Ltd raised its holdings in shares of Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer's stock valued at $106,000 after purchasing an additional 1,541 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock worth $107,000 after purchasing an additional 2,550 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.
About Viper Energy
(
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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