Viper Energy (VNOM) Receives a Buy from Oppenheimer


In a report released today, Tim Rezvan from Oppenheimer maintained a Buy rating on Viper Energy (NASDAQ: VNOM). The company’s shares opened today at $34.89.

According to TipRanks.com, Rezvan is a 3-star analyst with an average return of 2.3% and a 52.1% success rate. Rezvan covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Gulfport Energy Corp, and Oasis Petroleum Inc.

Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $45, which is a 29.0% upside from current levels. In a report issued on October 15, UBS also maintained a Buy rating on the stock with a $43 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 $26.61 million.

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

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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