At the time of writing, Viper Energy Inc [VNOM] stock is trading at $36.02, down -1.32%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VNOM shares have gain 4.41% over the last week, with a monthly amount glided 17.33%, and seem to be holding up well over a long-time horizon.
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On 20, February 2024, Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results. In a post published today on Yahoo Finance, Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2023.
From an analyst’s perspective:
Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on May 03, 2023. On September 20, 2022, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $39 on the stock. Piper Sandler upgraded its rating to Overweight for this stock on April 08, 2021, and upped its price target to $17. In a note dated December 04, 2020, Truist upgraded an Buy rating on this stock but restated the target price of $16.
For the past year, the stock price of Viper Energy Inc fluctuated between $24.16 and $37.27. Currently, Wall Street analysts expect the stock to reach $31.83 within the next 12 months. Viper Energy Inc [NASDAQ: VNOM] shares were valued at $36.02 at the most recent close of the market. An investor can expect a potential drop of -11.63% based on the average VNOM price forecast.
Analyzing the VNOM fundamentals
According to Viper Energy Inc [NASDAQ:VNOM], the company’s sales were 717.11M for trailing twelve months, which represents an 8.63% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.75 points at the first support level, and at 35.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.25, and for the 2nd resistance point, it is at 36.49.
Viper Energy Inc [VNOM] reported earnings per share of $0.67 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.1 and a surprise factor of 17.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.1 per share as compared to estimates of $0.54 per share, a difference of $0.56 representing a surprise of 103.70%.
Ratios To Look Out For
It is important to note that Viper Energy Inc [NASDAQ:VNOM] has a current ratio of 4.32. Further, the Quick Ratio stands at 4.32, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 3.56, the price to book ratio is 3.06 and price to earnings (TTM) ratio is 13.35.
Transactions by insiders
Recent insider trading involved Warwick Royalty & Mineral Mast, 10% Owner, that happened on Nov 16 when 9.02 million shares were sold. 10% Owner, Blackstone Holdings III L.P. completed a deal on Apr 18 to sell 1.81 million shares. Meanwhile, 10% Owner BX SWT ML Holdco LLC sold 1.81 million shares on Apr 18.
