The stock of Viper Energy Inc (VNOM) has gone up by 2.83% for the week, with a 2.61% rise in the past month and a 20.00% rise in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are 2.19% for VNOM. The simple moving average for the past 20 days is 1.69% for VNOM’s stock, with a 29.98% simple moving average for the past 200 days.
Is It Worth Investing in Viper Energy Inc (NASDAQ: VNOM) Right Now?
The price-to-earnings ratio for Viper Energy Inc (NASDAQ: VNOM) is 22.53x, which is above its average ratio. Moreover, the 36-month beta value for VNOM is 1.73. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for VNOM is 100.38M and currently, short sellers hold a 8.41% of that float. On November 06, 2024, VNOM’s average trading volume was 1.43M shares.
VNOM) stock’s latest price update
The stock of Viper Energy Inc (NASDAQ: VNOM) has decreased by -0.59 when compared to last closing price of 52.94. Despite this, the company has experienced a 2.83% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Viper Energy, Inc. (NASDAQ:VNOM ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Adam Lawlis – Vice President-Investor Relations Travis Stice – Chief Executive Officer Austen Gilfillian – Vice President Conference Call Participants Neal Dingmann – Truist Securities Betty Jiang – Barclays Leo Mariani – ROTH Operator Good day, and thank you for standing by. Welcome to the Viper Energy Third Quarter 2024 Earnings Conference Call.
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 8.36% 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 -1.16% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +4.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.65% upper at present.
During the last 5 trading sessions, VNOM rose by +2.83%, which changed the moving average for the period of 200-days by +71.21% in comparison to the 20-day moving average, which settled at $51.76. In addition, Viper Energy Inc saw 71.77% 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:
- 0.7 for the present operating margin
- -0.28 for the gross margin
The net margin for Viper Energy Inc stands at 1.9. The total capital return value is set at 0.03. Equity return is now at value 19.48, with 5.60 for asset returns.
Based on Viper Energy Inc (VNOM), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is -3.77.
Currently, EBITDA for the company is 768.11 million with net debt to EBITDA at 1.04. When we switch over and look at the enterprise to sales, we see a ratio of 51.27. The receivables turnover for the company is 1.88for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.24.
Conclusion
To wrap up, the performance of Viper Energy Inc (VNOM) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
