UPDATE: Wunderlich Securities Initiates Coverage On Viper Energy
In a research note released Monday, Wunderlich Securities analyst Abhishek Sinha initiated coverage on Viper Energy Partners LP (NASDAQ: VNOM) with a Buy rating and a $41 price target.
The analyst likes the company as its business model differs and has “Unparalleled growth potential in the oil-rich core of northern Midland Basin.”
In addition, the company has multi-year drilling inventory and is said to have more to come.
Shares of the company are down less than one percent.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.