Is NASDAQ:VNOM suited for growth investing?

In this article we will dive into VIPER ENERGY INC (NASDAQ:VNOM) as a possible candidate for growth investing. Investors should always do their own research, but we noticed VIPER ENERGY INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of VIPER ENERGY INC

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), VIPER ENERGY INC highlights its ability to generate increasing profitability, showcasing a 29.79% growth.
• The q2q revenue growth of 34.78% of VIPER ENERGY INC highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• VIPER ENERGY INC has achieved 113.0% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• The Return on Equity(ROE) of VIPER ENERGY INC is 21.61%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of VIPER ENERGY INC has been consistently solid, with a current 95.1 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. VIPER ENERGY INC exhibits strong prospects for further price appreciation.
• Maintaining a Debt-to-Equity ratio of 0.92, VIPER ENERGY INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 45.87% of the total shares held by institutional investors, VIPER ENERGY INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Zooming in on the technicals.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, VNOM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VNOM is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, VNOM did better than 95% of all other stocks. On top of that, VNOM also shows a nice and consistent pattern of rising prices.
• VNOM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 98% of 207 stocks in the same industry.
• VNOM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month VNOM has a been trading in the 37.88 - 48.72 range, which is quite wide. It is currently trading near the high of this range.

For an up to date full technical analysis you can check the technical report of VNOM

What is the full fundamental picture of NASDAQ:VNOM telling us.

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Overall VNOM gets a fundamental rating of 6 out of 10. We evaluated VNOM against 207 industry peers in the Oil, Gas & Consumable Fuels industry. VNOM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. VNOM is quite expensive at the moment. It does show a decent growth rate.

For an up to date full fundamental analysis you can check the fundamental report of VNOM

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.