Stock To Watch: Viper Energy Partners LP (NASDAQ:VNOM)


The leading market experts have placed a mean price target of $20.78 on Viper Energy Partners LP (NASDAQ:VNOM) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.11 a share for the upcoming quarter and $0.31 for the current fiscal. Technical View The technical analysis of Viper Energy Partners LP plainly substantiates that the 50-day moving average of Viper Energy Partners LP is $18.80, and stock is hovering 0.09 or +0.48% distant from $18.80. It is noted that the 200-day MA is $16.23, and Viper Energy Partners LP stock is $2.66 or +16.39% off from this point. Viper Energy Partners LP (NASDAQ:VNOM) 52-week high is $22.10 and the 52-week low is $12.69. This explains if the stock moves $-3.21, it will post a 52-week high. In event of $+48.86% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Viper Energy Partners LP, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Viper Energy Partners LP (NASDAQ:VNOM) ratio came in at N/A. The stock last ended the trading session at $18.89 and registered a market cap of $1.51B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Viper Energy Partners LP (NASDAQ:VNOM) PEG ratio is at 1.31.

1 Chart Pattern Every Investor Should Know

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