Viper Energy (NASDAQ:VNOM) Given New $58.00 Price Target at Barclays

Viper Energy (NASDAQ:VNOM) had its price objective increased by research analysts at Barclays from $52.00 to $58.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price objective points to a potential upside of 4.66% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Roth Mkm increased their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Evercore ISI raised their price target on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. JPMorgan Chase & Co. boosted their price target on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, TD Securities lifted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.25.

Viper Energy Price Performance

NASDAQ:VNOM opened at $55.42 on Tuesday. Viper Energy has a 12-month low of $27.61 and a 12-month high of $56.08. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 23.79 and a beta of 1.72. The company’s 50-day moving average is $48.71 and its two-hundred day moving average is $43.13. The company has a current ratio of 7.06, a quick ratio of 7.06 and a debt-to-equity ratio of 0.35.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Research analysts expect that Viper Energy will post 2.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake 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 worth $26,000 after purchasing an additional 450 shares during the period. Arizona State Retirement System grew its holdings in Viper Energy by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock valued at $848,000 after buying an additional 453 shares during the last quarter. Andina Capital Management LLC increased its position in Viper Energy by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock worth $569,000 after buying an additional 459 shares during the period. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 460 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Viper Energy by 4.5% during the second quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock worth $421,000 after buying an additional 488 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.