Northland Securities Believes Viper Energy (VNOM) Still Has Room to Grow


Northland Securities analyst Jeff Grampp reiterated a Buy rating on Viper Energy (NASDAQ: VNOM) today and set a price target of $45. The company’s shares opened today at $38.17, close to its 52-week high of $39.34.

According to TipRanks.com, Grampp is a 3-star analyst with an average return of 2.2% and a 42.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and Sundance Energy Australia.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viper Energy with a $41.83 average price target, a 9.6% upside from current levels. In a report issued on August 1, TD Securities also reiterated a Buy rating on the stock with a $39 price target.

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The company has a one-year high of $39.34 and a one-year low of $15.68. Currently, Viper Energy has an average volume of 804.6K.

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Viper Energy Partners LP 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.

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