Viper Energy Inc (NASDAQ: VNOM) is -13.27% lower on its value in year-to-date trading and has touched a low of $34.25 and a high of $56.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VNOM stock was last observed hovering at around $41.13 in the last trading session, with the day’s gains setting it 1.08%.
Currently trading at $42.21, the stock is -7.42% and -11.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing 2.63% at the moment leaves the stock -7.94% off its SMA200. VNOM registered 23.64% gain for a year compared to 6-month gain of -8.66%.
The stock witnessed a -15.90% loss in the last 1 month and extending the period to 3 months gives it a -16.57%, and is -0.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.79% over the week and 4.10% over the month.
Current P/E ratio is 11.49 and Fwd P/E is 19.83. Profit margin for the company is 42.02%. Distance from 52-week low is 23.25% and -25.02% from its 52-week high. The company has generated returns on investments over the last 12 months (12.95%).
with sales reaching $240.62M over the same period.The EPS is expected to shrink by -47.95% this year, but quarterly earnings will post 46.76% year-over-year. Quarterly sales are estimated to grow 17.15% in year-over-year returns.
The shares outstanding are 131.31M, and float is at 129.90M with Short Float at 4.77%.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 13.55 million shares valued at $508.56 million. The investor’s holdings represent 15.48 of the VNOM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.67 million shares valued at $325.28 million to account for 9.9011 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 6.41 million shares representing 7.0144 and valued at over $240.68 million, while BLACKROCK INC. holds 4.521 of the shares totaling 3.96 million with a market value of $148.53 million.
