Truist Financial analyst Neal Dingmann maintained a Buy rating on Viper Energy (VNOM – Research Report) today. The company’s shares closed yesterday at $38.16.
Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Devon Energy. According to TipRanks, Dingmann has an average return of 16.1% and a 74.23% success rate on recommended stocks.
Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $41.17, a 7.89% upside from current levels. In a report released on April 24, Barclays also maintained a Buy rating on the stock with a $44.00 price target.
Based on Viper Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $204.71 million and a net profit of $56.97 million. In comparison, last year the company earned a revenue of $203.63 million and had a net profit of $21.71 million
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2024, 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.
