Wells Fargo analyst Hanwen Chang has revised the price target for Viper Energy Partners (VNOM, Financial), reducing it from $51 to $48. Despite this adjustment, the analyst maintains an Overweight rating on the stock.
The change stems from updates to the firm's model, which incorporate Viper Energy's first-quarter operational performance and projections. These include expectations for production levels, anticipated cost reductions, and expenditure considerations.
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 $55.93 with a high estimate of $68.00 and a low estimate of $43.00. The average target implies an upside of 35.20% from the current price of $41.37. 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 $40.80, suggesting a downside of 1.38% from the current price of $41.37. 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.
