Viper Energy Inc [NASDAQ: VNOM] loss -3.94% on the last trading session, reaching $43.35 price per share at the time.
If compared to the average trading volume of 1.11M shares, VNOM reached a trading volume of 7378302 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Viper Energy Inc [VNOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VNOM shares is $49.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VNOM stock is a recommendation set at 1.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Viper Energy Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on December 07, 2023, representing the official price target for Viper Energy Inc stock.
The Average True Range (ATR) for Viper Energy Inc is set at 1.55, with the Price to Sales ratio for VNOM stock in the period of the last 12 months amounting to 4.84. The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 0.39. Price to Free Cash Flow for VNOM in the course of the last twelve months was 6.15 with Quick ratio for the last quarter at 7.06.
Trading performance analysis for VNOM stock
Viper Energy Inc [VNOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.63. With this latest performance, VNOM shares dropped by -5.65% in over the last four-week period, additionally plugging by 22.66% over the last 6 months – not to mention a rise of 56.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VNOM stock in for the last two-week period is set at 40.62, with the RSI for the last a single of trading hit 32.51, and the three-weeks RSI is set at 45.39 for Viper Energy Inc [VNOM]. The present Moving Average for the last 50 days of trading for this stock 43.91, while it was recorded at 45.15 for the last single week of trading, and 37.35 for the last 200 days.
Viper Energy Inc [VNOM]: A deeper dive into fundamental analysis
Viper Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.06 and a Current Ratio set at 7.06.
Viper Energy Inc [VNOM]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VNOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viper Energy Inc go to 7.88%.
An analysis of Institutional ownership at Viper Energy Inc [VNOM]
There are presently around $90.59%, or 90.92%% of VNOM stock, in the hands of institutional investors. The top three institutional holders of VNOM stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 13.55 million shares, which is approximately 15.48%. VANGUARD GROUP INC, holding 8.67 million shares of the stock with an approximate value of $$325.28 million in VNOM stocks shares; and VANGUARD GROUP INC, currently with $$240.68 million in VNOM stock with ownership which is approximately 7.3259%.
