Stifel Maintains Buy Rating for Viper Energy Partners: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Viper Energy Partners VNOM and raise its price target from $32.00 to $33.00.

Shares of Viper Energy Partners are trading down 0.8% over the last 24 hours, at $28.62 per share.

A move to $33.00 would account for a 15.3% increase from the current share price.

About Viper Energy Partners

Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests in oil and natural gas properties primarily in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2020 stand at 99,392 mboe.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.