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Piper Sandler Sticks to Their Buy Rating for Viper Energy (VNOM)

Tipranks - Tipranks - Wed Feb 25, 5:40AM CST

Piper Sandler analyst Mark Lear maintained a Buy rating on Viper Energy today and set a price target of $64.00.

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Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum. According to TipRanks, Lear has an average return of 5.0% and a 57.39% success rate on recommended stocks.

In a report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $55.00 price target.

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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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