Piper Sandler Has Lowered Expectations for Viper Energy (NASDAQ:VNOM) Stock Price

Viper Energy (NASDAQ:VNOM - Get Free Report) had its price target cut by equities researchers at Piper Sandler from $64.00 to $63.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the oil and gas producer's stock. Piper Sandler's target price points to a potential upside of 25.40% from the company's current price.

VNOM has been the topic of several other reports. StockNews.com lowered Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th. Barclays increased their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. The Goldman Sachs Group started coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a "buy" rating and a $70.00 target price on the stock. Bank of America started coverage on Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price target for the company. Finally, TD Securities boosted their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Viper Energy has a consensus rating of "Moderate Buy" and a consensus target price of $58.18.

Viper Energy Trading Down 1.8 %

Viper Energy stock traded down $0.92 during trading on Tuesday, hitting $50.24. The company's stock had a trading volume of 873,681 shares, compared to its average volume of 1,061,245. The stock's fifty day moving average is $52.45 and its 200 day moving average is $46.09. Viper Energy has a 1-year low of $30.21 and a 1-year high of $56.76. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 21.11 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period in the prior year, the firm posted $1.10 EPS. The business's revenue for the quarter was down 28.5% on a year-over-year basis. As a group, equities research analysts predict that Viper Energy will post 2.01 EPS for the current year.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama acquired a new stake in Viper Energy during the third quarter valued at approximately $12,980,000. Franklin Resources Inc. acquired a new position in shares of Viper Energy during the third quarter valued at $3,037,000. Fulcrum Equity Management lifted its position in Viper Energy by 4.1% in the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer's stock valued at $430,000 after purchasing an additional 375 shares during the last quarter. Virtu Financial LLC bought a new stake in Viper Energy in the 3rd quarter valued at about $233,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Viper Energy during the 3rd quarter valued at about $1,018,000. Institutional investors and hedge funds 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.