An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro factors.
In a little over six months, the stock price increased from a closing low of US$31.73 in December 2018, to reach a high close of US$43.20 on July 11. That’s a healthy 36% rise, which is clearly nothing to sneeze at.
While its stock ticker –
VNOM – is enough to get your attention, Viper Energy Partners has more than an unconventional acronym behind its stellar performance.