Raymond James analyst John Freeman maintained a Buy rating on Viper Energy (VNOM) today and set a price target of $12.00. The company’s shares closed last Wednesday at $7.50, close to its 52-week low of $4.98.
According to TipRanks.com, Freeman ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -22.5% and a 20.3% success rate. Freeman covers the Utilities sector, focusing on stocks such as Black Stone Minerals, Southwestern Energy, and Concho Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Viper Energy with a $12.71 average price target.
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The company has a one-year high of $27.35 and a one-year low of $4.98. Currently, Viper Energy has an average volume of 450.7K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VNOM in relation to earlier this year.
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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.
