Streetbeat News

VNOM

Viper Energy Partners LP

https://www.viperenergy.com

Industry

Oil & Gas Midstream

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.

Open

51.00

Mkt cap

9.6B

Volume

739K

High

52.00

P/E Ratio

21.73

52-wk high

56.08

Low

50.73

Div yield

0.04

52-wk low

29.03

JP Morgan analyst Arun Jayaram has maintained an Overweight rating on Viper Energy (NASDAQ:VNOM) and raised the price target from $41 to $44.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:02 pm

Viper Energy's short interest has decreased by 19.48%, with 3.59 million shares sold short, representing 4.01% of its float. This is lower than its peers' average short interest of 6.63%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 7:45 pm

Viper Energy (NASDAQ:VNOM) has been evaluated by 8 analysts over the past three months, with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 7.45% to $50.5. Analysts have adjusted their ratings and price targets, reflecting positive sentiment and expectations for Viper Energy's future performance. The company has shown strong financial performance with significant revenue growth and profitability, although it has a higher debt-to-equity ratio than the industry average.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 7:00 pm

Truist Securities has maintained its Buy rating on Viper Energy but has slightly lowered the price target from $55 to $54.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:14 pm

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

Analysts have varied opinions on Viper Energy (NASDAQ:VNOM), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased by 9.03% to $50.0. Viper Energy has shown strong financial performance with significant revenue growth and profitability, but it also has a higher debt-to-equity ratio than industry averages.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 7:01 pm

TD Securities has maintained a Buy rating on Viper Energy and increased its price target from $46 to $48, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 2:37 pm

Viper Energy's shares are trading lower following the pricing of an upsized public offering of 10 million Class A common shares at $42.50 each.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 12:46 pm

Oxford Industries reported weaker-than-expected Q2 earnings and sales, leading to a 10.3% drop in pre-market trading. The company missed analyst estimates and provided FY24 guidance below expectations. Other stocks like GameStop, BeiGene, and Viper Energy also saw declines in pre-market trading.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 12:02 pm

Viper Energy has priced an upsized public offering of 10 million Class A common shares at $42.50 each, expecting net proceeds of approximately $413.7 million. The funds will be used to partially finance the acquisition of subsidiaries from Tumbleweed Royalty IV, LLC. The offering is set to close on September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:43 am

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