Seaport Global Initiates Viper Energy at Buy With $54 Price Target
Viper Energy (VNOM) has an average rating of buy and mean price target of $55.43, according to analysts polled by FactSet.
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Viper Energy (VNOM) has an average rating of buy and mean price target of $55.43, according to analysts polled by FactSet.
Viper Energy (VNOM) reported Q2 earnings late Monday of $0.73 per diluted share, up from $0.28 a year earlier.Analysts polled by FactSet expected $0.76.Total operating income in the quarter ended June 30 rose to $677 million from $297 million a year earlier.Analysts expected $395.1 million.
Energy stocks were edging higher pre-bell Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%.The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 0.8% lower.Front-month US West Texas Intermediate crude oil was 1.3% lower at $67.68 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.3% to $70.67 per barrel, and natural gas futures were down 2% at $3.16 per 1 million British Thermal Units.Tsakos Energy Navigation (TEN) placed an order for a second LNG carrier at Hyundai Heavy Industries in South Korea, with delivery expected in Q1 2029. Tsakos Energy Navigation stock was up more than 4% premarket.TotalEnergies (TTE) has agreed to sell its 85% interest in Block 2E offshore Malaysia to INPEX for $350 million, the company said. TotalEnergies shares were up more than 1% pre-bell.Viper Energy (VNOM) has completed the acquisition of the mineral and royalty interests owned by Riverbend Oil & Gas IX in a cash-and-stock deal, the company said. Shares of Viper Energy were 0.7% higher premarket.
Viper Energy (VNOM) has completed the acquisition of the mineral and royalty interests owned by Riverbend Oil & Gas IX in a cash-and-stock deal, the company said late Wednesday.A subsidiary of Diamondback Energy (FANG), Viper Energy paid $337 million in cash and around 3.7 million shares of its Class A common stock, the company said.
Texas-based Viper Energy (VNOM) reported Monday average output of 130,711 barrels of oil equivalent per day in Q1, more than double from 57,378 boe/d during the same period a year ago.The company turned 655 total gross horizontal wells to production during the quarter, with an average lateral length of 11,583 feet, up from 260 gross wells last year.Of these, 541 wells were operated by third parties, with Viper receiving a relatively modest average royalty interest of 1.2%. Diamondback Energy (FANG) operated 114 wells, with an average royalty yield of 7.5%.For Q2 2026, the company guided total output in the range of 124,000 and 126,000 barrels of oil equivalent per day, and between 126,000 and 130,000 boe per day for the full year.
Viper Energy (VNOM) reported Q1 earnings late Monday of $0.53 per diluted share, down from $0.62 a year earlier.Analysts polled by FactSet expected $0.50.Total operating income in the three months ended March 31 rose to $511 million from $245 million a year earlier.Analysts surveyed by FactSet expected $499.8 million.
Viper Energy (VNOM) has an average rating of buy and mean price target of $55.79, according to analysts polled by FactSet.