Evercore ISI analyst Stephen Richardson has maintained their bullish stance on VNOM stock, giving a Buy rating today.
Stephen Richardson has given his Buy rating due to a combination of factors that highlight Viper Energy’s strategic positioning and growth potential. The completion of the EER drop down transaction has normalized NRIs and expanded mineral interests, setting a foundation for future organic growth. Despite a reduction in activity, Viper Energy has maintained its 2025 volume guidance, which suggests resilience and a focus on long-term growth. The company’s prudent financial management, including holding back cash and improving credit quality, positions it well to handle market fluctuations and potentially lower costs of capital.
Furthermore, Viper Energy’s market capitalization and lack of structural limitations make it a compelling investment compared to other mid-cap E&Ps. The company’s relationship with FANG provides additional support for organic growth, even if activity levels remain flat. The market’s skepticism may drive further share buybacks, enhancing shareholder value. Overall, the combination of strategic transactions, financial prudence, and growth potential underpins the Buy rating with a target price of $49 per share.
In another report released today, Barclays also maintained a Buy rating on the stock with a $57.00 price target.