VNOM Stock Summary and Trading Ideas (Viper Energy - Class A | NASDAQ:VNOM)

Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.

Viper Energy - Class A trades on the NASDAQ stock market under the symbol VNOM.

As of April 24, 2024, VNOM stock price declined to $39.88 with 486,594 million shares trading.

VNOM has a beta of 0.41, meaning it tends to be less sensitive to market movements. VNOM has a correlation of 0.04 to the broad based SPY ETF.

VNOM has a market cap of $3.44 billion. This is considered a Mid Cap stock.

Last quarter Viper Energy - Class A reported $205 million in Revenue and $.67 earnings per share. This fell short of revenue expectation by $-191,000 and exceeded earnings estimates by $.10.

In the last 3 years, VNOM stock traded as high as $41.22 and as low as $15.98.

The top ETF exchange traded funds that VNOM belongs to (by Net Assets): VTI, VB, VXF, VBK, INFL.

VNOM has outperformed the market in the last year with a price return of +45.2% while the SPY ETF gained +24.2%. VNOM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +31.5% and -0.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

VNOM support price is $39.43 and resistance is $40.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VNOM stock will trade within this expected range on the day.