Shares of Viper Energy Partners LP (NASDAQ:VNOM) traded at a new 52-week high today of $25.85. Approximately 273,000 shares have changed hands today, as compared to an average 30-day volume of 499,000 shares.
Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests 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.
Viper Energy Partners LP (NASDAQ:VNOM) has potential upside of 2,039.6% based on a current price of $25.02 and analysts’ consensus price target of $535.34.
Over the past year, Viper Energy Partners LP has traded in a range of $12.25 to $25.85 and is now at $25.02, 104% above that low.
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