Viper Energy (VNOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Viper Energy, based in Midland, Texas, aggregates and manages royalty interests, unlike traditional oil and gas producers. Viper is a $9.7 billion market cap minerals company that is 40% owned by Diamondback Energy. At 2Q24 base plus variable dividend rates annualized, it is returning 5.0%, on par with Treasuries and higher than many equities.
Since the announcement of an acquisition agreement on Sept. 11, Viper Energy Inc.'s VNOM stock has experienced a slight decline of 0.6%.
Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?
Higher oil-equivalent production volumes aid Viper Energy's (VNOM) earnings in Q2.
Viper Energy (VNOM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Viper Energy (VNOM) reported earnings 30 days ago. What's next for the stock?