Viper Energy Inc [VNOM] stock is trading at $40.40, down -0.98%. 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 2.96% over the last week, with a monthly amount glided 12.50%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Viper Energy Inc [NASDAQ: VNOM] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $44. On May 03, 2023, downgrade downgraded it’s rating to Sector Weight. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $39 on September 20, 2022. In a note dated April 08, 2021, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $16 to $17.
Viper Energy Inc [VNOM] stock has fluctuated between $23.97 and $40.83 over the past year. Currently, Wall Street analysts expect the stock to reach $33.88 within the next 12 months. Viper Energy Inc [NASDAQ: VNOM] shares were valued at $40.40 at the most recent close of the market. An investor can expect a potential drop of -16.14% based on the average VNOM price forecast.
Analyzing the VNOM fundamentals
Viper Energy Inc [NASDAQ:VNOM] reported sales of 717.11M for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.07.
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 39.97 points at the first support level, and at 39.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.03, and for the 2nd resistance point, it is at 41.65.
Ratios To Look Out For
For context, Viper Energy Inc’s Current Ratio is 4.32. Further, the Quick Ratio stands at 4.32, while the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 4.85, the price to book ratio is 3.43 and price to earnings (TTM) ratio is 14.98.
Transactions by insiders
Recent insider trading involved Diamondback Energy, Inc., Director, that happened on Mar 08 ’24 when 13.22 million shares were sold. 10% Owner, Warwick Royalty & Mineral Mast completed a deal on Nov 16 ’23 to sell 9.02 million shares. Meanwhile, 10% Owner BX SWT ML Holdco LLC sold 1.81 million shares on Apr 18 ’23.
