Stock Rating Downgrade
The Value Trend Rating for Viper Energy Partners LP (NASDAQ: VNOM) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 3/18/24, Viper Energy Partners LP (NASDAQ: VNOM) stock enjoyed a large increase of 2.2%, closing at $36.61. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.1% 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 C (High Neutral). 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 good Power Rating of 73, producing the High Neutral Value Trend Rating.
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