Viper Energy Inc (NASDAQ: VNOM) is -18.57% 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 $36.59 in the last trading session, with the day’s gains setting it 3.04%.
Currently trading at $39.63, the stock is -7.98% and -12.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.57 million and changing 8.31% at the moment leaves the stock -14.81% off its SMA200. VNOM registered 3.36% gain for a year compared to 6-month loss of -21.64%. The firm has a 50-day simple moving average (SMA 50) of $45.3284 and a 200-day simple moving average (SMA200) of $47.0518.
The stock witnessed a -3.65% gain in the last 1 month and extending the period to 3 months gives it a -20.20%, and is -13.74% 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 10.13% over the week and 4.68% over the month.
Current P/E ratio is 10.79 and Fwd P/E is 17.53. Profit margin for the company is 42.02%. Distance from 52-week low is 14.18% and -29.61% from its 52-week high. The company has generated returns on investments over the last 12 months (12.95%).
with sales reaching $233.99M over the same period.The EPS is expected to shrink by -47.00% this year, but quarterly earnings will post 43.44% year-over-year. Quarterly sales are estimated to grow 13.92% in year-over-year returns.
445.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 77.50% of the company’s shares. The shares outstanding are 131.32M, and float is at 130.21M with Short Float at 4.29%. Institutions hold 77.28% 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.
