Viper Energy Inc (NASDAQ: VNOM) is -19.70% 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 $38.12 in the last trading session, with the day’s gains setting it 0.96%.
Currently trading at $39.08, the stock is -6.14% and -11.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 2.52% at the moment leaves the stock -16.05% off its SMA200. VNOM registered 0.80% gain for a year compared to 6-month loss of -23.73%. The firm has a 50-day simple moving average (SMA 50) of $44.3742 and a 200-day simple moving average (SMA200) of $47.0605.
The stock witnessed a -10.76% gain in the last 1 month and extending the period to 3 months gives it a -23.37%, and is -1.39% 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 5.07% over the week and 5.13% over the month.
Current P/E ratio is 10.64 and Fwd P/E is 17.59. Profit margin for the company is 42.02%. Distance from 52-week low is 12.59% and -30.58% from its 52-week high. The company has generated returns on investments over the last 12 months (12.95%).
with sales reaching $233.62M over the same period.The EPS is expected to shrink by -48.60% this year, but quarterly earnings will post 47.13% year-over-year. Quarterly sales are estimated to grow 13.75% in year-over-year returns.
443.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 77.46% of the company’s shares. The shares outstanding are 131.32M, and float is at 130.21M with Short Float at 4.51%. Institutions hold 77.26% 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.
