The stock price of Viper Energy Inc (NASDAQ: VNOM) has plunged by -0.36 when compared to previous closing price of 38.37, but the company has seen a 2.03% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-25 that MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 after the market closes.
Is It Worth Investing in Viper Energy Inc (NASDAQ: VNOM) Right Now?
Viper Energy Inc (NASDAQ: VNOM) has a higher price-to-earnings ratio of 14.17x compared to its average ratio. VNOM has 36-month beta value of 1.81. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for VNOM is 80.87M, and currently, short sellers hold a 2.54% ratio of that float. The average trading volume of VNOM on April 04, 2024 was 1.02M shares.
VNOM’s Market Performance
The stock of Viper Energy Inc (VNOM) has seen a 2.03% increase in the past week, with a 2.71% rise in the past month, and a 24.63% gain in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 2.06% for VNOM. The simple moving average for the last 20 days is 3.69% for VNOM stock, with a simple moving average of 28.40% for the last 200 days.
Analysts’ Opinion of VNOM
Many brokerage firms have already submitted their reports for VNOM stocks, with Evercore ISI repeating the rating for VNOM by listing it as a “Outperform.” The predicted price for VNOM in the upcoming period, according to Evercore ISI is $37 based on the research report published on December 07, 2023 of the previous year 2023.
KeyBanc Capital Markets gave a rating of “Overweight” to VNOM, setting the target price at $39 in the report published on September 20th of the previous year.
VNOM Trading at 10.63% from the 50-Day Moving Average
After a stumble in the market that brought VNOM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.37% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.37% upper at present.
During the last 5 trading sessions, VNOM rose by +2.03%, which changed the moving average for the period of 200-days by +53.53% in comparison to the 20-day moving average, which settled at $36.86. In addition, Viper Energy Inc saw 22.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VNOM starting from Diamondback Energy, Inc., who sale 13,225,000 shares at the price of $34.12 back on Mar 08 ’24. After this action, Diamondback Energy, Inc. now owns 0 shares of Viper Energy Inc, valued at $451,303,125 using the latest closing price.
Warwick Royalty & Mineral Mast, the 10% Owner of Viper Energy Inc, sale 9,018,760 shares at $28.70 during a trade that took place back on Nov 16 ’23, which means that Warwick Royalty & Mineral Mast is holding 0 shares at $258,838,412 based on the most recent closing price.
Stock Fundamentals for VNOM
Current profitability levels for the company are sitting at:
- 0.75 for the present operating margin
- 0.76 for the gross margin
The net margin for Viper Energy Inc stands at 0.31. The total capital return value is set at 0.16. Equity return is now at value 23.44, with 5.80 for asset returns.
Based on Viper Energy Inc (VNOM), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 12.68.
Currently, EBITDA for the company is 768.11 million with net debt to EBITDA at 1.38. When we switch over and look at the enterprise to sales, we see a ratio of 9.46. The receivables turnover for the company is 7.33for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.32.
Conclusion
To put it simply, Viper Energy Inc (VNOM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
