Viper Energy (NASDAQ:VNOM) Coverage Initiated by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group began coverage on shares of Viper Energy (NASDAQ:VNOM) in a note issued to investors on Monday, MarketBeat 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 points to a potential upside of 28.75% from the company’s previous close.

Several other research analysts have also commented on the company. JPMorgan Chase & Co. boosted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective for the company. Barclays boosted their price target on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Roth Mkm lifted their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.20.

Viper Energy Price Performance

Shares of Viper Energy stock opened at $54.37 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a 50 day moving average price of $51.72 and a 200-day moving average price of $45.25. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 23.33 and a beta of 1.71. Viper Energy has a one year low of $29.03 and a one year high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $210.54 million. During the same quarter in the prior year, the company posted $1.10 EPS. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. Equities analysts expect that Viper Energy will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VNOM. Farther Finance Advisors LLC grew its holdings in shares of 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 valued at $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC increased its stake in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Viper Energy during the second quarter worth about $36,000. National Bank of Canada FI increased its position in shares of Viper Energy by 524.8% during 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 during the last quarter. Finally, Plato Investment Management Ltd raised its stake in shares of Viper Energy by 119.2% in the 2nd 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. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.