Piper Sandler Sticks to Their Buy Rating for Viper Energy (VNOM)
In a report released today, Mark Lear from Piper Sandler maintained a Buy rating on Viper Energy, with a price target of $64.00.
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Lear covers the Energy sector, focusing on stocks such as EOG Resources, Prairie Operating Co, and Chord Energy. According to TipRanks, Lear has an average return of 5.1% and a 54.58% success rate on recommended stocks.
In addition to Piper Sandler, Viper Energy also received a Buy from Wells Fargo’s Hanwen Chang in a report issued yesterday. However, on November 5, TR | OpenAI – 4o downgraded Viper Energy (NASDAQ: VNOM) to a Hold.
Based on Viper Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $393 million and a GAAP net loss of $77 million. In comparison, last year the company earned a revenue of $209.41 million and had a net profit of $48.92 million
Read More on VNOM:
Disclaimer & DisclosureReport an Issue
- Viper Energy price target raised to $51 from $49 at Wells Fargo
- Viper Energy price target raised to $60 from $57 at Barclays
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- Viper Energy Partners’ Earnings Call Highlights Growth and Returns
- Viper Energy’s Strong Q3 Performance and Strategic Moves Justify Buy Rating
