SunTrust Robinson Believes Viper Energy (NASDAQ: VNOM) Still Has Room to Grow

By Jason Carr

In a report released today, Neal Dingmann from SunTrust Robinson reiterated a Buy rating on Viper Energy (NASDAQ: VNOM), with a price target of $35. The company’s shares opened today at $28.44, close to its 52-week high of $29.07.

According to TipRanks.com, Dingmann is ranked 0 out of 5 stars with an average return of -2.4% and a 47.2% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Penn Virginia Corporation, and Goodrich Petroleum Corp.

Currently, the analyst consensus on Viper Energy is Strong Buy and the average price target is $29.43, representing a 3.5% upside.

In a report issued on April 2, Imperial Capital also maintained a Buy rating on the stock with a $30 price target.

Viper Energy’s market cap is currently $3.21B and has a P/E ratio of 26.56. The company has a book value ratio of 3.5078.

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Viper Energy Partners LP engages in the acquisition of oil and natural gas properties. It owns, acquires and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.