Viper Energy Partners LP (NASDAQ:VNOM) has a beta of 2.75. The stock’s Relative Strength Index (RSI) is 59.99, with weekly volatility at 4.56% and ATR at 0.80. The VNOM stock’s 52-week price range has touched low of $6.52 and a $19.48 high. Its shares traded higher over the last trading session, gaining 2.83% on 05/14/21. The shares fell to a low of $18.10 before closing at $18.55. Intraday shares traded counted 0.31 million, which was 49.78% higher than its 30-day average trading volume of 625.22K. VNOM’s previous close was $18.04 while the outstanding shares total 65.36M.
Investors have identified the Oil & Gas Midstream company Viper Energy Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.17 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Viper Energy Partners LP (VNOM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 59.54 million total, with 62.85 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.37 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VNOM sounds very interesting.
Is the stock of VNOM attractive?
In related news, President, Van’t Hof Matthew Kaes bought 3,000 shares of the company’s stock in a transaction that recorded on Sep 17. The purchase was performed at an average price of 8.10, for a total value of 24,300. As the purchase deal closes, the President, Van’t Hof Matthew Kaes now bought 2,000 shares of the company’s stock, valued at 22,542. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.43%.
15 out of 19 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Viper Energy Partners LP. 0 analysts has assigned a Sell rating on the VNOM stock. The 12-month mean consensus price target for the company’s shares has been set at $19.50.