The price of Viper Energy Inc (NASDAQ:VNOM) shares last traded on Wall Street rose 1.43% to $46.90.
VNOM stock price is now -7.19% away from the 50-day moving average and 4.33% away from the 200-day moving average. The market capitalization of the company currently stands at $8.84B.
With the price target maintained at $62, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Viper Energy Inc (NASDAQ: VNOM). On December 02, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $70, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Diamondback Energy, Inc., Director sold 13,225,000 shares of the company’s stock on Mar 08 ’24. The stock was sold for $451,303,125 at an average price of $34.12. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. A total of 1.03% of the company’s stock is owned by insiders.
During the past 12 months, Viper Energy Inc has had a low of $29.66 and a high of $56.76. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 7.24, and a quick ratio of 7.24. The fifty day moving average price for VNOM is $50.5338 and a two-hundred day moving average price translates $45.29605 for the stock.
The latest earnings results from Viper Energy Inc (NASDAQ: VNOM) was released for 2024-09-30. The net profit margin was 24.77% and return on equity was 19.47% for VNOM. The company reported revenue of $209.59 million for the quarter, compared to $293.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.53 percent. For the current quarter, analysts expect VNOM to generate $221.5M in revenue.
