Stock Rating Upgrade
The Value Trend Rating for Viper Energy Partners LP (NASDAQ: VNOM) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, Viper Energy Partners LP (NASDAQ: VNOM) stock increased 1.4%, closing at $36.63. However, this advance was accompanied by below average trading volume at 78% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, VNOM is expected to continue to be a Value Builder.
Viper Energy Partners has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Viper Energy Partners has a neutral Appreciation Score of 51 but a very high Power Rating of 86, triggering the Positive Value Trend Rating.
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