Viper Energy Partner
VNOM
Delayed Nasdaq - 06/15 10:00:00 pm
26.46USD
-2.54%

Good timing to go long again

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Anas Lozach
Analyst

Strategy published on : 06/13/2018 | 14:33

long trade
Stop-loss triggered

Entry price : 27.85$
Target : 32$
Stop-loss : 26.1$
Potential : 14.9%

The medium term support area around 26.5 USD should allow Viper Energy Partners LP shares to re-establish an upward trend in the short term.
Investors have an opportunity to buy the stock and target the $ 32.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● The group usually releases upbeat results with huge surprise rates.

● This company will be of major interest to investors in search of a high dividend stock.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 22.71 USD

Zonebourse.com 2018
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