Viper Energy Inc (NASDAQ:VNOM) price on Friday, January 17, rose 0.84% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $51.37.
A look at the stock’s price movement, the close in the last trading session was $50.94, moving within a range at $50.72 and $51.58. The PE ratio in trailing twelve months stood at 21.98. Turning to its 52-week performance, $56.76 and $29.32 were the 52-week high and 52-week low respectively. Overall, VNOM moved 0.41% over the past month.
Viper Energy Inc’s market cap currently stands at around $9.68 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.79, with its dividend yield at 3.48%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 220.56M for the company’s revenue for the quarter, with a low and high estimate of 209.14M and 227M respectively. The average forecast suggests up to a 7.74% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 852.4M, representing a 2.98% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VNOM is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend VNOM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VNOM’s current price about 3.75% and -0.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.89, while 7-day volatility ratio is 2.50% and 2.81% in the 30-day chart. Further, Viper Energy Inc (VNOM) has a beta value of 1.72, and an average true range (ATR) of 1.41. Analysts have given the company’s stock an average 52-week price target of $54, forecast between a low of $45 and high of $70. Looking at the price targets, the low is 12.4% off current price level while to achieve the yearly target high, price needs to move -36.27%. Nonetheless, investors will most likely welcome a -5.12% jump to $54 which is the analysts’ median price.
If we refocus on Viper Energy Inc (NASDAQ:VNOM), historical trading data shows that trading volumes averaged 0.82 over the past 10 days and 824.27K over the past 3 months. The company’s latest data on shares outstanding shows there are 102.95 million shares.
The 1.03% of Viper Energy Inc’s shares are in the hands of company insiders while institutional holders own 98.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.32 million on 2024-12-31, giving us a short ratio of 7.27. The data shows that as of 2024-12-31 short interest in Viper Energy Inc (VNOM) stood at 706.0 of shares outstanding, with shares short rising to 6.3 million registered in 2024-11-29. Current price change has pushed the stock 4.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VNOM stock continues to rise going into the next quarter.
