Texas Capital Securities Reiterates Buy Rating on Viper Energy (VNOM) Post Sitio Acquisition for $4.1B
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/4/2026
- Wall Street ends lower as Middle East tensions escalate
- Broadcom results, guidance beat on soaring AI chip sales; stock slips after hours
- Broadcom's sales and AI chip forecast comes in below expectations, shares tumble
- SpaceX sets IPO price at $135 ahead of roadshow in break with Wall Street norms
- Oil gains as Middle East hostilities flare
- Morgan Stanley lifts MU and SNDK targets, sees 2-3 years of tight memory supply
- Navitas showcases 800V power delivery board at NVIDIA MGX ecosystem event
- Inotiv files for bankruptcy with $65 million financing commitment
- Alphabet plans $80 billion equity raise to fund AI infrastructure expansion, Berkshire Hathaway to invest $10 billion
- Alphabet plans $80 billion raise for AI, backed by Buffett’s Berkshire
- After-Hours Stock Movers: AVGO, CRWD, FIVE, AI, TLYS, NTSK,
- After-Hours Stock Movers: PANW, CRWD, ZS, GTLB, ULTA
- After-Hours Stock Movers: HPE, CRDO, FULC, ABVX, MCHP
- After-Hours Stock Movers: DELL, MDB, AEO, NTAP, GAP, S, ADSK
- After-Hours Stock Movers: CRM, MRVL, SNOW, HPQ, DDOG, MDB, P, SNPS, BRZE, NCNO
Viper Energy (VNOM) PT Raised to $51 at Evercore ISI
June 4, 2025 5:06 AM EDTEvercore ISI analyst Stephen Richardson raised the price target on Viper Energy (NASDAQ: VNOM) to $51.00 (from $49.00) while maintaining a Outperform rating.
The analyst comments "Acquires STR, accretive deal that builds scale, lowers breakevens, cements VNOM as a mineral consolidator of choice in the Permian; raising TP to $51 (was $49). VNOM announced the acquisition of Sitio Royalties (STR), valuing the company at $4.1 billion. The transaction adds... More
Viper Energy (VNOM) to Acquire Sitio Royalties Corp (STR) in $4.1B All-Stock Deal
June 3, 2025 6:31 AM EDTViper Energy, Inc. (NASDAQ: VNOM) (Viper or the Company), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback), and Sitio Royalties Corp. (NYSE: STR) (Sitio) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitios net debt of approximately $1.1 billion as of March 31, 2025. The consideration will consist... More
