Viper Energy Inc (NASDAQ: VNOM) on Tuesday, soared 0.92% from the previous trading day, before settling in for the closing price of $47.86. Within the past 52 weeks, VNOM’s price has moved between $29.32 and $56.76.
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Annual sales at Energy sector company grew by 28.75% over the past five years. The company achieved an average annual earnings per share of -25.76%. With a float of $101.91 million, this company’s outstanding shares have now reached $102.95 million.
In terms of profitability, gross margin is 69.77%, operating margin of 67.75%, and the pretax margin is 60.69%.
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 1.03%, while institutional ownership is 99.03%. 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.
Viper Energy Inc (VNOM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.76% per share during the next fiscal year.
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 7.24 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 10.95. Likewise, its price to free cash flow for the trailing twelve months is 14.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.34, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.91 in one year’s time.
Technical Analysis of Viper Energy Inc (VNOM)
Viper Energy Inc (NASDAQ: VNOM) saw its 5-day average volume 1.18 million, a positive change from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 11.71%. Additionally, its Average True Range was 1.49.
During the past 100 days, Viper Energy Inc’s (VNOM) raw stochastic average was set at 55.19%, which indicates a significant increase from 19.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.20% in the past 14 days, which was lower than the 35.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.07, while its 200-day Moving Average is $43.98. Nevertheless, the first resistance level for the watch stands at $48.72 in the near term. At $49.15, the stock is likely to face the second major resistance level. The third major resistance level sits at $49.78. If the price goes on to break the first support level at $47.67, it is likely to go to the next support level at $47.04. Assuming the price breaks the second support level, the third support level stands at $46.61.
Viper Energy Inc (NASDAQ: VNOM) Key Stats
Market capitalization of the company is 9.10 billion based on 188,409K outstanding shares. Right now, sales total 827,700 K and income totals 200,090 K. The company made 209,590 K in profit during its latest quarter, and 48,920 K in sales during its previous quarter.
