Viper Energy price target raised to $45 from $37 at Evercore ISI

Evercore ISI raised the firm’s price target on Viper Energy to $45 from $37 and keeps an Outperform rating on the shares. The “most interesting dynamic in broader energy markets has been the recovery in prompt crude prices since the early June OPEC induced lows and the general yawn this move has elicited from the equity markets,” says the analyst, who adds that the firm’s sense heading into Q2 reporting season remains that positioning is light following this period of volatility.