Citi raised the firm’s price target on Viper Energy to $40 from $37 and keeps a Buy rating on the shares post the Q4 report. The analyst continues to favor the company’s “low-risk business model.” The firm expects sustainable incremental organic growth balanced against a difficult pricing environment.
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Read More on VNOM:
- Viper Energy sees Q1 average daily production 25,000 to 25,500 bo/d
- Viper Energy reports Q3 EPS 74c, consensus 57c
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results
- Viper Energy price target lowered to $36 from $37 at Piper Sandler
- Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules Fourth Quarter 2023 Conference Call for February 21, 2024
