TD Securities Increases Viper Energy (NASDAQ:VNOM) Price Target to $48.00

Viper Energy (NASDAQ:VNOM) had its target price increased by equities research analysts at TD Securities from $46.00 to $48.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. TD Securities’ target price points to a potential upside of 11.71% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Piper Sandler raised their price objective on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Truist Financial raised their price objective on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI raised their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Finally, Barclays raised their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.17.

Viper Energy Price Performance

Shares of VNOM opened at $42.97 on Thursday. Viper Energy has a 1-year low of $26.73 and a 1-year high of $49.37. The stock has a market cap of $7.60 billion, a PE ratio of 15.80 and a beta of 1.73. The firm has a 50-day simple moving average of $44.15 and a two-hundred day simple moving average of $39.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating 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 business had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. During the same quarter last year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year. As a group, analysts forecast that Viper Energy will post 2.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Viper Energy during the 4th quarter worth approximately $350,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Viper Energy by 139.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,841 shares of the oil and gas producer’s stock worth $622,000 after buying an additional 11,556 shares during the last quarter. Eagle Global Advisors LLC lifted its position in shares of Viper Energy by 26.2% during the 4th quarter. Eagle Global Advisors LLC now owns 43,400 shares of the oil and gas producer’s stock worth $1,362,000 after buying an additional 9,000 shares during the last quarter. TD Asset Management Inc purchased a new stake in shares of Viper Energy during the 4th quarter worth approximately $24,448,000. Finally, Stephens Investment Management Group LLC lifted its position in shares of Viper Energy by 54.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,753,922 shares of the oil and gas producer’s stock worth $55,038,000 after buying an additional 620,470 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

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.