Viper Energy (VNOM, Financial) has released its financial and operational performance metrics for the first quarter. The company reported an average production rate of 31,311 barrels of oil per day during this period.
In terms of pricing, Viper Energy realized average unhedged prices of $71.33 for each barrel of oil, $24.52 for every barrel of natural gas liquids, and $2.08 per Mcf for natural gas. When accounting for hedging, the average realized prices adjusted to $70.26 per barrel of oil while remaining at $24.52 per barrel for natural gas liquids. Notably, the hedged price for natural gas was substantially higher at $3.74 per Mcf.
The company also recorded commodity hedging gains amounting to $9.1 million during the first quarter, reflecting its strategic management of price fluctuations in the market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Viper Energy Inc (VNOM, Financial) is $56.13 with a high estimate of $68.00 and a low estimate of $43.00. The average target implies an upside of 43.60% from the current price of $39.09. More detailed estimate data can be found on the Viper Energy Inc (VNOM) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Viper Energy Inc's (VNOM, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Viper Energy Inc (VNOM, Financial) in one year is $41.27, suggesting a upside of 5.58% from the current price of $39.09. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Viper Energy Inc (VNOM) Summary page.
