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UPDATE: Wunderlich Securities Initiates Coverage On Viper Energy

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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
Jul 2016Piper JaffrayAssumesOverweight
Nov 2015Stifel NicolausMaintainsBuy
Sep 2015BarclaysMaintainsOverweight

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Posted-In: Abhishek Sinha Wunderlich SecuritiesAnalyst Color Price Target Initiation Analyst Ratings

 

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