Evercore ISI analyst Stephen Richardson maintained a Buy rating on Viper Energy today and set a price target of $51.00. The company’s shares closed last Friday at $39.01.
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According to TipRanks, Richardson is a 4-star analyst with an average return of 8.0% and a 57.69% success rate. Richardson covers the Energy sector, focusing on stocks such as Conocophillips, Phillips 66, and EQT.
Currently, the analyst consensus on Viper Energy is a Strong Buy with an average price target of $51.62, implying a 32.33% upside from current levels. In a report released on October 4, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $44.00 price target.
Based on Viper Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $287 million and a net profit of $37 million. In comparison, last year the company earned a revenue of $215.49 million and had a net profit of $56.9 million
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