Viper Energy price target raised to $53 from $46 at Roth MKM

Roth MKM analyst Leo Mariani raised the firm’s price target on Viper Energy to $53 from $46 and keeps a Buy rating on the shares ahead of its Q3 results. The firm expects the company to report oil production above consensus, also citing Viper as a pure-play Permian minerals name has the highest organic growth rate vs. peers, a strong dividend, and a multi-year line of sight on its operations that is not had by its peers, the analyst tells investors in a research note.