SunTrust Robinson analyst Neal Dingmann reiterated a Buy rating on Viper Energy (VNOM) on November 27 and set a price target of $37. The company’s shares opened today at $28.70.
According to TipRanks.com, Dingmann is a 1-star analyst with an average return of -2.5% and a 42.7% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Viper Energy with a $45.86 average price target, representing a 59.8% upside. In a report issued on November 15, Piper Jaffray also reiterated a Buy rating on the stock with a $44 price target.
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Based on Viper Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.35 million. In comparison, last year the company had a net profit of $26.61 million.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral 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.
