In a report issued on March 17, Jeff Grampp from Northland Securities maintained a Buy rating on Viper Energy (VNOM), with a price target of $38. The company’s shares closed yesterday at $33.51.
According to TipRanks.com, Grampp is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Penn Virginia Corporation, and SilverBow Resources Inc.
Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $42.80, representing a 27.7% upside. In a report issued on March 8, Imperial Capital also reiterated a Buy rating on the stock with a $37 price target.
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Viper Energy’s market cap is currently $4.16B and has a P/E ratio of 18.97. The company has a Price to Book ratio of 7.68.
Based on the recent corporate insider activity of 14 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.
