Truist initiates Viper Energy stock coverage with buy rating

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Wall Street averages end more than 1% higher on Middle East de-escalation hopes Trump delays strikes on Iranian power plants, says talks with Tehran "very good" Gold prices off session lows after Trump touts ’productive’ Iran talks Brent slides below $100 after Trump says oil prices to ’drop like a rock’ (South Africa Philippines Nigeria) Truist initiates Viper Energy stock coverage with buy rating By Analyst Ratings Published 03/23/2026, 05:26 PM Truist initiates Viper Energy stock coverage with buy rating 0 CL -9.53% NG -5.48% VNOM -1.60% Investing.com - Truist Securities initiated coverage on Viper Energy (NASDAQ:VNOM) with a buy rating and set a price target of $54.00, the firm said Monday. The stock currently trades at $47.32, representing potential upside of 14% to Truist’s target. The company has delivered strong returns with a 26% gain year-to-date and 28% over the past six months. The price target represents 1x the firm’s 2P net asset value based on $60 per barrel oil and $3.50 per thousand cubic feet of natural gas over the long term. Viper Energy operates as a large-cap mineral and royalty interest company focused on owning and acquiring mineral and royalty interests in oil and natural gas properties in the Permian Basin. Truist estimates Permian Basin oil production will grow at a 3% compound annual growth rate through 2030. Operations by FANG provide considerable visibility into future operations. The firm said Viper Energy trades at a considerable discount to peers. According to InvestingPro analysis, six analysts have revised their earnings upwards for the upcoming period, supporting the bullish outlook. However, the platform’s Fair Value analysis suggests the stock may be overvalued at current levels. For deeper insights, investors can access VNOM’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro , which transforms complex data into actionable intelligence. In other ...