The stock of Viper Energy Inc (NASDAQ: VNOM) has increased by 0.78 when compared to last closing price of 51.90.Despite this, the company has seen a loss of -0.05% in its stock price over the last five trading days. zacks.com reported 2024-10-28 that Viper Energy (VNOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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 17.90x compared to its average ratio, The 36-month beta value for VNOM is at 1.72. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for VNOM is 100.38M, and currently, shorts hold a 8.41% of that float. The average trading volume for VNOM on November 01, 2024 was 1.43M shares.
VNOM’s Market Performance
VNOM’s stock has seen a -0.05% decrease for the week, with a 7.82% rise in the past month and a 34.17% gain in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 2.24% for Viper Energy Inc The simple moving average for the past 20 days is 1.42% for VNOM’s stock, with a 29.91% simple moving average for the past 200 days.
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 8.12% 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 -1.77% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +4.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.87% upper at present.
During the last 5 trading sessions, VNOM rose by +0.12%, which changed the moving average for the period of 200-days by +71.73% in comparison to the 20-day moving average, which settled at $51.58. In addition, Viper Energy Inc saw 70.71% 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:
- 0.73 for the present operating margin
- 0.75 for the gross margin
The net margin for Viper Energy Inc stands at 0.26. The total capital return value is set at 0.17. Equity return is now at value 26.82, with 6.86 for asset returns.
Based on Viper Energy Inc (VNOM), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 10.15.
Currently, EBITDA for the company is 768.11 million with net debt to EBITDA at 1.13. When we switch over and look at the enterprise to sales, we see a ratio of 11.14. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.06.
Conclusion
In conclusion, Viper Energy Inc (VNOM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
