Piper Sandler Reaffirms Their Buy Rating on 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, Coterra Energy, and Devon Energy. According to TipRanks, Lear has an average return of 3.4% and a 54.39% success rate on recommended stocks.
In a report released on December 12, Mizuho Securities also maintained a Buy rating on the stock with a $52.00 price target.
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
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- Viper Energy price target raised to $52 from $51 at Mizuho
- Viper Energy price target lowered to $41 from $43 at JPMorgan
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