Viper Energy Inc (NASDAQ: VNOM) on Friday, plunged -4.03% from the previous trading day, before settling in for the closing price of $37.44. Within the past 52 weeks, VNOM’s price has moved between $23.77 and $40.87.
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A company in the Energy sector has jumped its sales by 28.75% annually for the last half of the decade. The company achieved an average annual earnings per share of -24.27%. With a float of $89.92 million, this company’s outstanding shares have now reached $91.42 million.
Viper Energy Inc (VNOM) Insider Updates
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Viper Energy Inc is 1.64%, while institutional ownership is 90.27%. The most recent insider transaction that took place on Mar 08 ’24, was worth 451,303,125. In this transaction Director of this company sold 13,225,000 shares at a rate of $34.12, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 16 ’23, when Company’s 10% Owner sold 9,018,760 for $28.70, making the entire transaction worth $258,838,412. This insider now owns 0 shares in total.
Viper Energy Inc (VNOM) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -24.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.88% during the next five years compared to 6.03% growth over the previous five years of trading.
Viper Energy Inc (NASDAQ: VNOM) Trading Performance Indicators
Viper Energy Inc (VNOM) is currently performing well based on its current performance indicators. A quick ratio of 3.46 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.32. Likewise, its price to free cash flow for the trailing twelve months is 5.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.73, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 2.15 in one year’s time.
Technical Analysis of Viper Energy Inc (VNOM)
Let’s dig in a bit further. During the last 5-days, its volume was 0.8 million. That was inferior than the volume of 0.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.20%. Additionally, its Average True Range was 0.90.
During the past 100 days, Viper Energy Inc’s (VNOM) raw stochastic average was set at 51.24%, which indicates a significant increase from 5.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.93% in the past 14 days, which was higher than the 26.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.21, while its 200-day Moving Average is $33.10. However, in the short run, Viper Energy Inc’s stock first resistance to watch stands at $36.92. Second resistance stands at $37.90. The third major resistance level sits at $38.40. If the price goes on to break the first support level at $35.44, it is likely to go to the next support level at $34.94. Assuming the price breaks the second support level, the third support level stands at $33.96.
Viper Energy Inc (NASDAQ: VNOM) Key Stats
Market capitalization of the company is 3.28 billion based on 176,854K outstanding shares. Right now, sales total 827,700 K and income totals 200,090 K. The company made 205,390 K in profit during its latest quarter, and 43,360 K in sales during its previous quarter.
