Viper Energy Inc [VNOM] stock prices are up 1.78% to $48.70 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 4.98% over the last week, with a monthly amount drifted -2.35%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Viper Energy Inc [NASDAQ: VNOM] stock has seen the most recent analyst activity on December 13, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $62 for it. Previously, Goldman started tracking the stock with Buy rating on December 02, 2024, and set its price target to $70. On November 26, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $64 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $44 on April 10, 2024. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on May 03, 2023. In a note dated September 20, 2022, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $39 on this stock.
The stock price of Viper Energy Inc [VNOM] has been fluctuating between $29.66 and $56.76 over the past year. Currently, Wall Street analysts expect the stock to reach $57.25 within the next 12 months. Viper Energy Inc [NASDAQ: VNOM] shares were valued at $48.70 at the most recent close of the market. An investor can expect a potential return of 17.56% based on the average VNOM price forecast.
Analyzing the VNOM fundamentals
The Viper Energy Inc [NASDAQ:VNOM] reported sales of 830.92M for trailing twelve months, representing a surge of 6.41%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.68%, Pretax Profit Margin comes in at 0.61%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.18 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
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 47.28 points at the first support level, and at 45.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.41, and for the 2nd resistance point, it is at 50.13.
Ratios To Look Out For
It’s worth pointing out that Viper Energy Inc [NASDAQ:VNOM]’s Current Ratio is 7.24. Also, the Quick Ratio is 7.24, while the Cash Ratio stands at 3.81. Considering the valuation of this stock, the price to sales ratio is 11.04, the price to book ratio is 3.58 and price to earnings (TTM) ratio is 20.84.
Transactions by insiders
Recent insider trading involved Diamondback Energy, Inc., Director, that happened on Mar 08 ’24 when 13.22 million shares were sold.
