Viper Energy Partners LP (NASDAQ:VNOM) currently has a daily average trading volume of 535.00K but it saw 310401 shares traded on Wednesday. With a market cap of 5.44B USD, stock’s current market price of $32.63 came rising about 0.40 while comparing to the previous closing price of $32.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $36.10 and as low as $19.19. In the recent trading on the day, stock has struck highest price mark of $32.85 while lowest mark touched by it was $31.87.
Taking a look at 20-day trading activity of Viper Energy Partners LP (VNOM) gives us an average price of $33.21, while its current price level is -9.61% below from 52-week high level whereas it is 70.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $31.86 while that of 200 days or SMA-200 reads an average of $30.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.36% during that period while stretching the period over a month that increases to 3.53%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.52 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the KeyBanc Capital Markets which initiated the stock as “Overweight” in its note to investors issued on September 20, 2022, recommending a price target of $39 for it. Piper Sandler issued its recommendations for the stock as it resumed the price target for the stock is $29.
Over the week, VNOM’s stock price is moving -0.34% down while it is -1.15% when we observe its performance for the past one month. Year-to-date it is 53.12% up and over the past year, the stock is showing an upside performance of 42.12%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.43 beaten by the consensus estimate of $0.64 for the same. For VNOM, analysts are forecasting an EPS-growth rate of 193.50% for current year and estimate for EPS growth in next year is -6.00%. In next quarter, company is expected to be making quarterly sales of $204.44 million as analysts are expecting the sales for current fiscal year at $852.09 million and seeing the company making $807.79 million in sales next year. Moreover, analysts are in estimates of $215.45 million for current-quarter revenue.
Currently, Viper Energy Partners LP’s total number of outstanding shares is 74.94M with 16.39% of that held by the insiders while 80.76% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 22.60% and return on equity (ROE) at 19.20%. It has a price to earnings ratio (P/E ratio) of 14.68 while having a 18.03 of forward P/E ratio. Stock’s beta reads 1.96. Stock has a price to book (P/B) ratio of 3.38 while price to sale or P/S ratio amounts to 6.56. Its return on asset (ROA) is 4.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds Small Cap World Fu came shrinking its share ownership by 2.66% in the Viper Energy Partners LP (VNOM) increasing its stake to 3.40% with control over 66116.0 shares in the company.