The stock of Viper Energy Inc (VNOM) has gone down by -6.90% for the week, with a -3.23% drop in the past month and a 19.88% rise in the past quarter. The volatility ratio for the week is 2.72%, and the volatility levels for the past 30 days are 2.31% for VNOM. The simple moving average for the past 20 days is -5.90% for VNOM’s stock, with a 18.99% simple moving average for the past 200 days.
Is It Worth Investing in Viper Energy Inc (NASDAQ: VNOM) Right Now?
Viper Energy Inc (NASDAQ: VNOM) has a price-to-earnings ratio that is above its average at 13.76x. The stock has a 36-month beta value of 1.79. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for VNOM is 85.82M, and at present, short sellers hold a 3.85% of that float. On May 02, 2024, the average trading volume of VNOM was 1.07M shares.
VNOM) stock’s latest price update
Viper Energy Inc (NASDAQ: VNOM)’s stock price has plunge by -2.70relation to previous closing price of 38.16. Nevertheless, the company has seen a -6.90% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Higher oil-equivalent production volumes aid Viper Energy’s (VNOM) earnings in Q1.
Analysts’ Opinion of VNOM
Many brokerage firms have already submitted their reports for VNOM stocks, with Barclays repeating the rating for VNOM by listing it as a “Overweight.” The predicted price for VNOM in the upcoming period, according to Barclays is $44 based on the research report published on April 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see VNOM reach a price target of $37. The rating they have provided for VNOM stocks is “Outperform” according to the report published on December 07th, 2023.
VNOM Trading at -1.49% 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 -9.92% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.72%, as shares sank -2.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.54% upper at present.
During the last 5 trading sessions, VNOM fell by -6.90%, which changed the moving average for the period of 200-days by +45.72% in comparison to the 20-day moving average, which settled at $39.40. In addition, Viper Energy Inc saw 19.27% 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:
- 0.76 for the present operating margin
- 0.75 for the gross margin
The net margin for Viper Energy Inc stands at 0.4. The total capital return value is set at 0.13. 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 0.5 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 1.01. The interest coverage ratio of the stock is 25.37.
Currently, EBITDA for the company is 768.11 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 11.9. The receivables turnover for the company is 5.0for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.32.
Conclusion
To sum up, Viper Energy Inc (VNOM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
