The stock of Viper Energy Inc (VNOM) has gone down by -6.60% for the week, with a -8.26% drop in the past month and a 8.47% rise in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are 2.75% for VNOM. The simple moving average for the past 20 days is -5.16% for VNOM’s stock, with a 18.47% 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 higher price-to-earnings ratio of 21.63x compared to its average ratio, The 36-month beta value for VNOM is at 1.72. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for VNOM is 101.90M, and currently, shorts hold a 6.96% of that float. The average trading volume for VNOM on December 06, 2024 was 1.42M shares.
VNOM) stock’s latest price update
Viper Energy Inc (NASDAQ: VNOM)’s stock price has gone decline by -3.66 in comparison to its previous close of 52.46, however, the company has experienced a -6.60% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-12-05 that Scott Bessent’s predictions for a Trump presidency suggest economic growth, driven by tariffs as a threat, energy expansion, and manufacturing revival. Trump’s second term may focus on broad economic growth, addressing inflation while boosting U.S. manufacturing, despite challenges like rising oil costs. I present several dividend picks I expect to perform well, as they come with income, dividend growth, secular tailwinds, and pricing power.
Analysts’ Opinion of VNOM
Many brokerage firms have already submitted their reports for VNOM stocks, with Goldman repeating the rating for VNOM by listing it as a “Buy.” The predicted price for VNOM in the upcoming period, according to Goldman is $70 based on the research report published on December 02, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see VNOM reach a price target of $64. The rating they have provided for VNOM stocks is “Buy” according to the report published on November 26th, 2024.
Barclays gave a rating of “Overweight” to VNOM, setting the target price at $44 in the report published on April 10th of the current year.
VNOM Trading at -2.28% 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 -10.96% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -8.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.41% upper at present.
During the last 5 trading sessions, VNOM fell by -6.97%, which changed the moving average for the period of 200-days by +37.92% in comparison to the 20-day moving average, which settled at $53.34. In addition, Viper Energy Inc saw 65.93% 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.
Stock Fundamentals for VNOM
Current profitability levels for the company are sitting at:
- 0.68 for the present operating margin
- 0.7 for the gross margin
The net margin for Viper Energy Inc stands at 0.25. The total capital return value is set at 0.14. 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 7.87.
Currently, EBITDA for the company is 742.32 million with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 12.18. 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 conclusion, Viper Energy Inc (VNOM) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
