The stock of Viper Energy Inc (VNOM) has seen a -5.69% decrease in the past week, with a 0.59% gain in the past month, and a 10.28% flourish in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 2.30% for VNOM. The simple moving average for the past 20 days is -1.74% for VNOM’s stock, with a 25.09% 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 above average at 21.98x. The 36-month beta value for VNOM is also noteworthy at 1.71. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VNOM is 100.38M, and at present, short sellers hold a 7.17% of that float. The average trading volume of VNOM on November 15, 2024 was 1.42M shares.
VNOM) stock’s latest price update
Viper Energy Inc (NASDAQ: VNOM)’s stock price has plunge by -1.55relation to previous closing price of 52.17. Nevertheless, the company has seen a -5.69% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that VNOM Q3 earnings gain year over year on higher oil equivalent production volumes, while revenues decline over lower realized commodity prices.
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 4.47% 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 -7.87% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -1.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.62% upper at present.
During the last 5 trading sessions, VNOM fell by -6.24%, which changed the moving average for the period of 200-days by +64.51% in comparison to the 20-day moving average, which settled at $52.56. In addition, Viper Energy Inc saw 68.62% 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:
- 0.51 for the present operating margin
- 0.76 for the gross margin
The net margin for Viper Energy Inc stands at 0.25. The total capital return value is set at 0.1. Equity return is now at value 19.47, 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 -11.29.
Currently, EBITDA for the company is 740.54 million with net debt to EBITDA at 1.14. When we switch over and look at the enterprise to sales, we see a ratio of 12.4. The receivables turnover for the company is 5.75for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.24.
Conclusion
In summary, Viper Energy Inc (VNOM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
