Technical Analysis: Based on the technical indicators, VNOM is showing mixed signals. The RSI(14) at 60.07 indicates moderate bullish momentum but not overbought. The MACD at 0.03 suggests a slightly bullish trend. The stock is trading above both its 20-day SMA ($49.02) and 200-day SMA ($45.41), indicating a positive long-term trend.
Price Targets and Analyst Consensus: Recent analyst coverage shows strong bullish sentiment. The consensus price target is $62.58, with a high of $71.00 and low of $51.00. Barclays recently raised their price target to $60 from $58, citing attractive distribution yields of 5.5% for 2025 and 7.2% for 2026.
Recent Events Impact: The company recently priced a stock offering at $44.50 per share to raise up to $1.2 billion, which will be used to fund the acquisition of mineral and royalty interests from Diamondback Energy. This strategic move is expected to enhance VNOM's asset portfolio and future growth potential.
Price Prediction for Next Week: Based on Fibonacci levels and current technical setup:
Expected price range: $48.50-$51.24
Recommendation: BUY Entry point: Current market price ($48.50) Target: $51.24 (R1) Stop loss: $46.48 (S1)
Rationale:
The price of VNOM is predicted to go up 10.88%, based on the high correlation periods with DFS. The similarity of these two price pattern on the periods is 95.52%.
VNOM
DFS
Truist Securities
2025-01-13
Price Target
$64 → $71
Upside
+39.74%
Piper Sandler
2024-12-17
Price Target
$64 → $63
Upside
+25.4%
Keybanc
2024-12-13
Price Target
$62
Upside
+21.12%