Viper Energy Inc (NASDAQ: VNOM) is -8.77% 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 $45.22 in the last trading session, with the day’s loss setting it -0.82%.
Currently trading at $44.40, the stock is 1.79% and -4.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -1.81% at the moment leaves the stock -4.06% off its SMA200. VNOM registered 20.40% gain for a year compared to 6-month loss of -5.26%. The firm has a 50-day simple moving average (SMA 50) of $46.7026 and a 200-day simple moving average (SMA200) of $46.84365.
The stock witnessed a 0.28% gain in the last 1 month and extending the period to 3 months gives it a -6.47%, and is -2.14% 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 2.83% over the week and 3.73% over the month.
Current P/E ratio is 12.09 and Fwd P/E is 19.64. Profit margin for the company is 42.02%. Distance from 52-week low is 27.92% and -21.13% from its 52-week high. The company has generated returns on investments over the last 12 months (12.95%).
The EPS is expected to shrink by -46.03% this year
446.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 77.50% of the company’s shares. The shares outstanding are 131.31M, and float is at 130.20M with Short Float at 4.29%. Institutions hold 77.29% 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 4.3288 of the shares totaling 3.96 million with a market value of $148.53 million.
