In a report released today, Betty Jiang from Barclays maintained a Buy rating on Viper Energy (VNOM – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $39.98.
According to TipRanks, Jiang is an analyst with an average return of -2.3% and a 38.79% success rate. Jiang covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips.
Viper Energy has an analyst consensus of Strong Buy, with a price target consensus of $42.71, implying a 6.83% upside from current levels. In a report released on April 19, Roth MKM also maintained a Buy rating on the stock with a $41.00 price target.
The company has a one-year high of $41.22 and a one-year low of $23.36. Currently, Viper Energy has an average volume of 1.06M.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is neutral on the stock. Last month, Diamondback Energy, Inc., a Director at VNOM sold 13,225,000.00 shares for a total of $451,237,000.00.
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Viper Energy (VNOM) Company Description:
Viper Energy Partners LP 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.
Read More on VNOM:
- Viper Energy price target raised to $43 from $36 at Piper Sandler
- Barclays starts U.S. Integrated Oil & E&P sector with Positive view
- Viper Energy initiated with an Overweight at Barclays
- Viper Energy price target raised to $52 from $47 at Truist
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2024 Conference Call for May 1, 2024
