Texas Capital Securities Reiterates Buy Rating on Viper Energy (VNOM) Post Sitio Acquisition for $4.1B
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Go back to Texas Capital Securities Reiterates Buy Rating on Viper Energy (VNOM) Post Sitio Acquisition for $4.1B
June 4, 2025 5:06 AM EDT
Evercore 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
June 3, 2025 6:31 AM EDT
Viper 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
