Viper Energy Inc [VNOM] stock prices are up 3.01% to $38.34 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VNOM shares have gain 8.01% over the last week, with a monthly amount glided 23.67%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Viper Energy Announces Pricing of Secondary Common Stock Offering by Diamondback Energy, Inc. In a post published today on Yahoo Finance, Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the pricing of an underwritten public offering of 11,500,000 shares of its Class A common stock (the “Secondary Offering”) by Viper’s parent, Diamondback Energy, Inc. (the “Secondary Stockholder”). The gross proceeds from the sale of the shares by the Selling Stockholder will be approximately $402.5 million. Viper will not receive any proceeds from the sale of the shares by the Selling Stockholder. The Secondary Offering is expected to close on March 8, 2024, subject to customary closing conditions.
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.
The stock price of Viper Energy Inc [VNOM] has been fluctuating between $23.97 and $37.22 over the past year. 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 $38.34 at the most recent close of the market. An investor can expect a potential drop of -16.98% based on the average VNOM price forecast.
Analyzing the VNOM fundamentals
The Viper Energy Inc [NASDAQ:VNOM] reported sales of 717.11M for trailing twelve months, representing a surge of 8.63%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.75%, Pretax Profit Margin comes in at 0.66%, and Net Profit Margin reading is 0.31%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.33 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
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 37.31 points at the first support level, and at 36.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.07, and for the 2nd resistance point, it is at 39.79.
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’s worth pointing out that Viper Energy Inc [NASDAQ:VNOM]’s Current Ratio is 4.32. Also, the Quick Ratio is 4.32, while the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 4.61, the price to book ratio is 3.26 and price to earnings (TTM) ratio is 14.21.
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.
