Piper Sandler has adjusted its outlook on Viper Energy (VNOM, Financial), reducing the price target from $63 to $62. Despite this change, the firm maintains an Overweight rating on the stock. This adjustment comes as the company faces a challenging landscape marked by trade tensions and broader economic uncertainties.
The energy market is experiencing fluctuations due to increased supply from OPEC+ and complex seasonal shifts in gas prices. Piper Sandler suggests that while these volatile periods can offer strategic entry points, especially for entities with robust low-cost inventories and sound financials, it also emphasizes the mixed impact of these dynamics on short-term performance.
Given the current market environment, Piper Sandler expresses a stronger preference for oil over gas as the first quarter approaches. This positioning reflects a strategic response to the expected volatility and uncertainty in the energy sector. Investors in Viper Energy may need to navigate these market conditions with caution while considering the firm's long-term potential.
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 $55.53 with a high estimate of $68.00 and a low estimate of $43.00. The average target implies an upside of 40.38% from the current price of $39.56. 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 upside of 3.13% from the current price of $39.56. 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.
