Piper Jaffray Believes Viper Energy (VNOM) Still Has Room to Grow

In a report released today, David Kistler from Piper Jaffray maintained a Buy rating on Viper Energy (NASDAQ: VNOM). The company’s shares opened today at $41.70, close to its 52-week high of $43.25.

According to TipRanks.com, Kistler is a 4-star analyst with an average return of 10.3% and a 63.0% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.

Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $44.33.

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The company has a one-year high of $43.25 and a one-year low of $18.02. Currently, Viper Energy has an average volume of 716K.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock.

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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.