Viper Energy Inc (NASDAQ: VNOM) is -17.00% lower on its value in year-to-date trading and has touched a low of $34.49 and a high of $55.94 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 $41.43 in the last trading session, with the day’s loss setting it -1.29%.
Currently trading at $40.14, the stock is -1.42% and -1.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -3.11% at the moment leaves the stock -13.18% off its SMA200. VNOM registered 7.30% gain for a year compared to 6-month loss of -24.73%. The firm has a 50-day simple moving average (SMA 50) of $40.9436 and a 200-day simple moving average (SMA200) of $46.876.
The stock witnessed a -2.45% gain in the last 1 month and extending the period to 3 months gives it a -5.22%, and is -0.50% 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 2.84% over the week and 2.10% over the month.
Current P/E ratio is 10.57 and Fwd P/E is 21.92. Profit margin for the company is 43.69%. Distance from 52-week low is 16.38% and -28.25% 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 -56.03% this year
480.0 institutions hold shares in Viper Energy Inc (VNOM), with institutional investors hold 98.57% of the company’s shares. The shares outstanding are 131.32M, and float is at 129.95M with Short Float at 5.39%. Institutions hold 98.28% 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 9.4801 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.
