Viper Energy (VNOM) Gets a Buy Rating from Barclays

By Jason Carr

Barclays analyst William S. Thompson maintained a Buy rating on Viper Energy (VNOMResearch Report) yesterday and set a price target of $34.00. The company’s shares closed last Monday at $24.91.

According to TipRanks.com, Thompson ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.1% and a 28.0% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development, Extraction Oil & Gas, and Whiting Petroleum.

Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $34.55.

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The company has a one-year high of $36.73 and a one-year low of $21.89. Currently, Viper Energy has an average volume of 406.5K.

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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.