Viper Energy Inc (NASDAQ: VNOM) is -19.15% 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 $39.97 in the last trading session, with the day’s loss setting it -0.62%.
Currently trading at $39.35, the stock is -1.81% and -6.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -1.55% at the moment leaves the stock -15.68% off its SMA200. VNOM registered 7.79% gain for a year compared to 6-month loss of -23.49%.
The stock witnessed a 4.65% gain in the last 1 month and extending the period to 3 months gives it a -20.67%, and is -2.43% 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 3.38% over the week and 4.65% over the month.
Current P/E ratio is 10.36 and Fwd P/E is 20.83. Profit margin for the company is 43.74%. Distance from 52-week low is 13.37% and -30.10% from its 52-week high. The company has generated returns on investments over the last 12 months (11.17%).
The EPS is expected to shrink by -54.56% this year
The shares outstanding are 131.32M, and float is at 130.21M with Short Float at 4.21%.
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 9.4801 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.
