Viper Energy (NASDAQ:VNOM) Rating Lowered to “Sell” at Wall Street Zen

Viper Energy (NASDAQ:VNOM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently issued reports on the stock. Mizuho decreased their target price on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Piper Sandler boosted their target price on shares of Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Barclays decreased their target price on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company boosted their target price on shares of Viper Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Fifteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.07.

Viper Energy Stock Down 0.2%

VNOM stock opened at $37.18 on Friday. The firm’s fifty day simple moving average is $38.16 and its 200-day simple moving average is $38.98. The company has a market capitalization of $10.73 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 16.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 6.15 and a quick ratio of 6.15. Viper Energy has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. The business had revenue of $297.00 million for the quarter, compared to the consensus estimate of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Viper Energy will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On Viper Energy

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Viper Energy by 28.9% during the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after buying an additional 2,921,832 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Viper Energy by 12.2% during the first quarter. Wellington Management Group LLP now owns 11,953,910 shares of the oil and gas producer’s stock worth $539,719,000 after buying an additional 1,301,933 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Viper Energy by 21.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after buying an additional 1,778,093 shares in the last quarter. State Street Corp grew its holdings in shares of Viper Energy by 2.9% during the second quarter. State Street Corp now owns 5,197,538 shares of the oil and gas producer’s stock worth $198,182,000 after buying an additional 148,503 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Viper Energy by 6.6% during the second quarter. Geode Capital Management LLC now owns 3,802,730 shares of the oil and gas producer’s stock worth $145,021,000 after buying an additional 235,374 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.