Viper Energy (NASDAQ:VNOM) Now Covered by The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group started coverage on shares of Viper Energy (NASDAQ:VNOM) in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $70.00 price target on the oil and gas producer’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 29.37% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. TD Securities increased their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Roth Mkm increased their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler boosted their target price on shares of Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Bank of America assumed coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective for the company. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.20.

Viper Energy Stock Up 0.3 %

NASDAQ:VNOM opened at $54.11 on Monday. The company’s 50 day moving average is $51.44 and its two-hundred day moving average is $45.01. The company has a market cap of $10.19 billion, a PE ratio of 23.22 and a beta of 1.72. Viper Energy has a twelve month low of $29.03 and a twelve month high of $56.76. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results 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 company had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s revenue was down 28.5% compared to the same quarter last year. Analysts anticipate that Viper Energy will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VNOM. Price T Rowe Associates Inc. MD purchased a new stake in shares of Viper Energy during the 1st quarter valued at approximately $601,000. California State Teachers Retirement System lifted its stake in shares of Viper Energy by 18.4% in the 1st quarter. California State Teachers Retirement System now owns 72,600 shares of the oil and gas producer’s stock valued at $2,792,000 after purchasing an additional 11,293 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Viper Energy during the 1st quarter worth $290,000. SG Americas Securities LLC increased its position in shares of Viper Energy by 627.6% during the 2nd quarter. SG Americas Securities LLC now owns 78,413 shares of the oil and gas producer’s stock worth $2,943,000 after purchasing an additional 67,636 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in Viper Energy in the 2nd quarter valued at about $203,000. Hedge funds and other 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.