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


The leading market experts have placed a mean price target of $21.25 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 $0.13 a share for the upcoming quarter and $0.40 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 $16.56, and stock is trading $-0.50 points away or -3.01% from its 50-day moving average of $16.56. Further it is trading $-1.50 or -8.56% away its 200-day moving average of $17.56. Viper Energy Partners LP (NASDAQ:VNOM) 52-week high is $20.25 and the 52-week low is $12.69.

This explains if the stock moves $-4.19, it will post a 52-week high. In event of +26.56% 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 $16.06 and registered a market cap of $1.39B. 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 0.86.

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