Evaluating NASDAQ:VNOM for Growth Investment Opportunities.

Last update: Oct 8, 2024

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if VIPER ENERGY INC (NASDAQ:VNOM) is suited for growth investing. Investors should of course do their own research, but we spotted VIPER ENERGY INC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Looking into the canslim metrics of VIPER ENERGY INC

In the most recent financial report, VIPER ENERGY INC reported a 29.79% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
The quarter-to-quarter (Q2Q) revenue growth of 34.78% of VIPER ENERGY INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
Over the past 3 years, VIPER ENERGY INC has demonstrated 113.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
The Return on Equity (ROE) of VIPER ENERGY INC stands at 21.61%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
VIPER ENERGY INC has exhibited strong Relative Strength(RS) in recent periods, with a current 93.97 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. VIPER ENERGY INC shows promising potential for continued price momentum.
VIPER ENERGY INC maintains a healthy Debt-to-Equity ratio of 0.92. This indicates the company's conservative capital structure and signifies its ability to effectively manage debt obligations while maintaining a strong equity position.
With 43.05% 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.

Analyzing the Technical Aspects

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

We assign a technical rating of 10 out of 10 to VNOM. Both in the recent history as in the last year, VNOM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VNOM is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by VNOM over the past year are nicely spread over this period.
VNOM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 97% of 209 stocks in the same industry.
A new 52 week high is currently being made by VNOM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month VNOM has a been trading in the 42.62 - 51.73 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of VNOM contains the most current technical analsysis.

Fundamental analysis of NASDAQ:VNOM

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, VNOM scores 6 out of 10 in our fundamental rating. VNOM was compared to 209 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 valied quite expensively at the moment, while it does show a decent growth rate.

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

More growth stocks can be found 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.