Truist raised the firm’s price target on Viper Energy (VNOM) to $57 from $54 and keeps a Buy rating on the shares ahead of its Q3 results. The firm anticipates more record production results for the company over the past quarter as operator activity remains stable despite volatile commodity prices, adding that Viper also has numerous horizontal wells in the process of active development and even more net horizontal wells with line-of-sight to future development, the analyst tells investors in a research note.
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