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Barclays Reaffirms Their Buy Rating on Viper Energy (VNOM)

Tipranks - Tipranks - Thu Jan 8, 3:44AM CST

Barclays analyst Betty Jiang maintained a Buy rating on Viper Energy today and set a price target of $60.00.

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According to TipRanks, Jiang is an analyst with an average return of -0.8% and a 48.59% success rate. Jiang covers the Energy sector, focusing on stocks such as Chevron, Antero Resources, and Coterra Energy.

Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $51.08.

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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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