Viper Energy (NASDAQ:VNOM) Rating Lowered to “Sell” at StockNews.com

Viper Energy (NASDAQ:VNOM) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Other analysts have also issued research reports about the company. Piper Sandler reduced their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their price target on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Truist Financial decreased their price objective on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Finally, Roth Mkm raised their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.91.

Viper Energy Trading Up 2.0 %

Viper Energy stock traded up $0.95 during trading hours on Monday, reaching $47.85. The stock had a trading volume of 9,390,449 shares, compared to its average volume of 1,889,369. The company has a fifty day simple moving average of $50.17 and a 200-day simple moving average of $48.74. Viper Energy has a 52 week low of $30.56 and a 52 week high of $56.76. The stock has a market cap of $9.02 billion, a PE ratio of 20.54 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same period in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. Analysts forecast that Viper Energy will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently bought and sold shares of VNOM. Golden State Wealth Management LLC bought a new stake in shares of Viper Energy in the 4th quarter worth about $25,000. Farther Finance Advisors LLC increased 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 boosted its position in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares during the period. First Horizon Advisors Inc. increased its holdings in Viper Energy by 43.9% during the 4th 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 during the period. Finally, National Bank of Canada FI raised its holdings in shares of Viper Energy by 524.8% in the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares in the last quarter. 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.