Currently, there are 102.95M common shares owned by the public and among those 101.91M shares have been available to trade.
The company’s stock has a 5-day price change of 2.70% and -7.24% over the past three months. VNOM shares are trading -2.49% year to date (YTD), with the 12-month market performance up to 57.90% higher. It has a 12-month low price of $29.66 and touched a high of $56.76 over the same period. VNOM has an average intraday trading volume of 1.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.65%, -5.13%, and 6.33% respectively.
Institutional ownership of Viper Energy Inc (NASDAQ: VNOM) shares accounts for 99.21% of the company’s 102.95M shares outstanding.
It has a market capitalization of $9.02B and a beta (3y monthly) value of 1.71. The stock’s trailing 12-month PE ratio is 20.48, while the earnings-per-share (ttm) stands at $2.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.12% over the month.
Earnings per share for the fiscal year are expected to decrease by -25.86%, and -9.16% over the next financial year. EPS should shrink at an annualized rate of -5.38% over the next five years, compared to 6.03% over the past 5-year period.
Looking at the support for the VNOM, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on December 13, 2024, with the firm’s price target at $62. Goldman coverage for the Viper Energy Inc (VNOM) stock in a research note released on December 02, 2024 offered a Buy rating with a price target of $70. BofA Securities was of a view on November 26, 2024 that the stock is Buy, while Barclays gave the stock Overweight rating on April 10, 2024, issuing a price target of $44. Evercore ISI on their part issued Outperform rating on December 07, 2023.
