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

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

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Roth Mkm boosted 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. Evercore ISI boosted their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Truist Financial boosted their price objective on shares of Viper Energy from $54.00 to $57.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Barclays boosted their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

Viper Energy Stock Performance

Shares of VNOM stock opened at $55.42 on Tuesday. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 23.79 and a beta of 1.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The company has a 50-day simple moving average of $48.71 and a 200 day simple moving average of $43.13. Viper Energy has a 52 week low of $27.61 and a 52 week high of $56.08.

Viper Energy (NASDAQ:VNOM) last announced its earnings results 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. The business had revenue of $209.59 million during 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%. Viper Energy’s revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, sell-side analysts predict that Viper Energy will post 2.03 earnings per share for the current year.

Hedge Funds Weigh In On Viper Energy

A number of institutional investors have recently added to or reduced their stakes in VNOM. Farther Finance Advisors LLC increased its position in Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 450 shares during the period. Arizona State Retirement System increased its position 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 acquiring an additional 453 shares during the period. 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 valued at $569,000 after acquiring an additional 459 shares during the period. GAMMA Investing LLC increased 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 acquiring an additional 460 shares during the period. Finally, Truist Financial Corp increased its position in Viper Energy by 4.5% in the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after acquiring an additional 488 shares during the period. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.