Mizuho Initiates Coverage on Viper Energy (NASDAQ:VNOM)

Equities researchers at Mizuho began coverage on shares of Viper Energy (NASDAQ:VNOM) in a research report issued on Monday,Benzinga reports. The brokerage set an “outperform” rating and a $56.00 price target on the oil and gas producer’s stock. Mizuho’s price objective suggests a potential upside of 26.73% from the stock’s current price.

VNOM has been the topic of a number of other research reports. Evercore ISI boosted their target price on shares of Viper Energy from $45.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. StockNews.com raised shares of Viper Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company assumed coverage on Viper Energy in a research report on Friday, March 14th. They set an “overweight” rating and a $51.00 target price on the stock. Piper Sandler cut their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Truist Financial decreased their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.77.

Viper Energy Trading Down 0.5 %

Viper Energy stock opened at $44.19 on Monday. Viper Energy has a 52 week low of $35.46 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a market capitalization of $9.41 billion, a PE ratio of 18.97 and a beta of 1.69. The business’s 50-day simple moving average is $46.53 and its 200-day simple moving average is $49.06.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VNOM. First Horizon Advisors Inc. grew its position in Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 214 shares during the last quarter. American Century Companies Inc. boosted its stake in Viper Energy by 1.1% in the fourth quarter. American Century Companies Inc. now owns 25,323 shares of the oil and gas producer’s stock worth $1,243,000 after purchasing an additional 268 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Viper Energy by 2.1% during the fourth quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after purchasing an additional 293 shares during the last quarter. Andina Capital Management LLC increased its stake in shares of Viper Energy by 2.5% in the fourth quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock valued at $634,000 after buying an additional 312 shares in the last quarter. Finally, Fulcrum Equity Management raised its holdings in shares of Viper Energy by 4.1% in the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 375 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

About Viper Energy

Viper Energy, Inc 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.