Viper Energy Inc (NASDAQ: VNOM) is -7.13% lower on its value in year-to-date trading and has touched a low of $34.71 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 $43.79 in the last trading session, with the day’s gains setting it 1.41%.
Currently trading at $45.20, the stock is 2.60% and -3.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing 3.22% at the moment leaves the stock -1.75% off its SMA200. VNOM registered 30.00% gain for a year compared to 6-month gain of 5.82%. The firm has a 50-day simple moving average (SMA 50) of $47.3344 and a 200-day simple moving average (SMA200) of $46.5948.
The stock witnessed a -9.51% loss in the last 1 month and extending the period to 3 months gives it a -10.98%, and is 7.08% up 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 3.36% over the week and 4.11% over the month.
Current P/E ratio is 12.31 and Fwd P/E is 20.00. Profit margin for the company is 42.02%. Distance from 52-week low is 30.22% and -19.71% from its 52-week high. The company has generated returns on investments over the last 12 months (12.95%).
with sales reaching $234.43M over the same period.The EPS is expected to shrink by -46.03% this year, but quarterly earnings will post 45.28% year-over-year. Quarterly sales are estimated to grow 14.14% in year-over-year returns.
445.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 77.49% of the company’s shares. The shares outstanding are 131.31M, and float is at 130.20M with Short Float at 4.76%. Institutions hold 77.27% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 13.55 million shares valued at $$508.56 million. The investor’s holdings represent 14.8218 of the VNOM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.67 million shares valued at $$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.
