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.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VNOM:
- Viper Energy price target raised to $53 from $46 at Roth MKM
- Viper Energy price target raised to $61 from $57 at Piper Sandler
- Viper Energy Expands Portfolio with Strategic Acquisition
- Viper Energy price target raised to $44 from $41 at JPMorgan
- Viper Energy price target lowered to $54 from $55 at Truist