Barclays Issues Pessimistic Forecast for Viper Energy (NASDAQ:VNOM) Stock Price

Viper Energy (NASDAQ:VNOM) had its price objective lowered by stock analysts at Barclays from $60.00 to $57.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price objective would suggest a potential upside of 39.02% from the company’s previous close.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their target price on shares of Viper Energy from $51.00 to $49.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 25th. Raymond James set a $52.00 target price on Viper Energy in a research note on Monday. Piper Sandler lowered their price target on Viper Energy from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group set a $72.00 price objective on shares of Viper Energy in a research report on Monday, March 3rd. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.15.

Viper Energy Stock Up 1.4 %

Shares of Viper Energy stock opened at $41.00 on Wednesday. Viper Energy has a 1 year low of $34.71 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a 50-day moving average of $42.78 and a 200 day moving average of $48.11. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 17.60 and a beta of 1.23.

Hedge Funds Weigh In On Viper Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Viper Energy during the fourth quarter valued at $25,000. Quarry LP bought a new stake in shares of Viper Energy during the 4th quarter valued at about $32,000. Assetmark Inc. increased its position in shares of Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 214 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 414 shares during the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.