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UPDATE: Wunderlich Securities Initiates Coverage On Viper Energy

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Viper Energy In A Good Position To Benefit From Higher Oil Prices
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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.

Latest Ratings for VNOM

DateFirmActionFromTo
Oct 2016BarclaysMaintainsOverweight
Oct 2016Mizuho SecuritiesInitiates Coverage onNeutral
Jul 2016PiperJaffrayAssumesOverweight

View More Analyst Ratings for VNOM
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Posted-In: Abhishek Sinha Wunderlich SecuritiesAnalyst Color Price Target Initiation Analyst Ratings

 

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