Barclays Issues Positive Forecast for Viper Energy (NASDAQ:VNOM) Stock Price

Viper Energy (NASDAQ:VNOM - Get Free Report) had its price objective upped by analysts at Barclays from $52.00 to $58.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the oil and gas producer's stock. Barclays's price target would suggest a potential upside of 10.20% from the company's previous close.

VNOM has been the subject of several other research reports. Evercore ISI lifted their price objective on Viper Energy from $37.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, July 8th. TD Securities lifted their target price on Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Roth Mkm lifted their target price on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Piper Sandler lifted their target price on Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Finally, Truist Financial lifted their target price on Viper Energy from $54.00 to $57.00 and gave the company a "buy" rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.38.

Viper Energy Stock Performance

VNOM traded down $0.31 during trading hours on Tuesday, hitting $52.63. The stock had a trading volume of 1,489,743 shares, compared to its average volume of 1,093,714. The company's fifty day simple moving average is $48.56 and its 200 day simple moving average is $43.04. Viper Energy has a 1 year low of $27.61 and a 1 year high of $54.66. The stock has a market cap of $9.31 billion, a PE ratio of 18.02 and a beta of 1.72. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The company had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same quarter last year, the firm posted $1.10 EPS. The firm's revenue for the quarter was down 28.5% on a year-over-year basis. Equities analysts anticipate that Viper Energy will post 2.03 earnings per share for the current year.

Institutional Trading of Viper Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew 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 worth $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 208.1% during the third 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 in the last quarter. International Assets Investment Management LLC bought a new position in Viper Energy in the second quarter valued at about $36,000. Plato Investment Management Ltd lifted its holdings in Viper Energy by 119.2% in 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 acquiring an additional 1,541 shares during the period. Finally, ORG Partners LLC lifted 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 valued at $107,000 after acquiring an additional 2,550 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.