Viper Energy Partners LP VNOM Stock Analysis

Viper Energy Partners LP stock trades under the ticker VNOM & has shown recent bullishness that traders & investors should look closer into.

VNOM stock closed at $32.42/share on 2/14/2023.

Viper Energy Partners LP VNOM Stock’s Technical Performance Broken Down

Viper Energy Partners LP VNOM Stock's Technical Performance Over The Past Year
Viper Energy Partners LP VNOM Stock’s Technical Performance Over The Past Year

VNOM Stock Price: $32.42

10 Day Moving Average: $30.93

50 Day Moving Average: $31.42

200 Day Moving Average: $30.13

RSI: 55.86

MACD: -0.095

Yesterday, VNOM stock completed a bullish MACD crossover, gaining 2.72% on they day’s session.

Their RSI is neutral at 55 & recent trading volumes have been below average compared to the year prior, as their price has been consolidating over the last few months.

VNOM stock has support at the $32.34 & $31.42/share price levels, as they try to break out above the $32.49 & $32.58/share resistance levels.

Viper Energy Partners LP VNOM Stock As A Long-Term Investment

Long-term oriented investors will like VNOM stock’s 13.83 P/E (ttm), but may find their 3.22 P/B (mrq) to be a bit rich.

They recently reported 64.1% Quarterly Revenue Growth Y-o-Y, with 371.4% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a more thorough examination, with $11.62M of Total Cash (mrq) & $669.64M of Total Debt (mrq).

VNOM stock pays a 7.73% dividend, which may not be sustainable in the long-run, as their payout ratio is over 100%.

78.4% of VNOM stock’s outstanding share float is owned by institutional investors.

Viper Energy Partners LP VNOM Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from price movements in VNOM stock, while hedging their portfolios against volatility.

I am looking at the contracts with the 3/17 expiration date.

The $32, $31 & $30 call options are all in-the-money, listed from highest to lowest level of open interest.

The $33, $35 & $34 puts are also all in-the-money, with the former being more liquid than the latter strikes.

Tying It All Together

VNOM stock has many interesting attributes that traders & investors will find appealing.

Investors will like their valuation metrics, but should be aware that their dividend yield is not well covered by earnings or cash flows.

Traders will like their recent technical performance, as well as how liquid their options are.

Overall, it is worth taking a closer look into VNOM stock to see how it fits into your portfolio strategy.

*** I DO NOT OWN SHARES OR OPTIONS POSITIONS IN VNOM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***