In a report released today, John Freeman from Raymond James maintained a Buy rating on Viper Energy (NASDAQ: VNOM), with a price target of $45. The company’s shares opened today at $38.33, close to its 52-week high of $39.40.
According to TipRanks.com, Freeman is a 5-star analyst with an average return of 10.5% and a 59.4% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Continental Resources.
Viper Energy has an analyst consensus of Strong Buy, with a price target consensus of $42.67, which is an 11.3% upside from current levels. In a report issued on August 10, Imperial Capital also maintained a Buy rating on the stock with a $45 price target.
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Based on Viper Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $99.4 million. In comparison, last year the company had a net profit of $22.15 million.
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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.
