Mizuho Reiterates Outperform on Viper Energy, Inc. (VNOM) With 35% Upside

Viper Energy, Inc. (NASDAQ:VNOM) is among the best safe stocks to buy now. William Janela, an analyst at Mizuho, reiterated an ‘Outperform’ rating on Viper Energy, Inc. (NASDAQ:VNOM), while reducing the price target from $55.00 to $51.00, implying a potential upside of nearly 34.7%.

The research firm anticipates a rise in gas prices in the next 12 months, and this is what positions Viper Energy, Inc. (NASDAQ:VNOM) for long-term growth. While oil stocks reflect current strip prices, gas stocks are trading at a 10% to 15% discount based on implied commodity prices. To say the least, the firm is bullish on large-cap gas exploration and production names and maintains a “selective exposure” to core oil companies.

The company’s $4.1 billion acquisition of Sitio Royalties provides synergies across the Permian, along with a boost to oil and gas production. The reason why most investors are attracted to take a position in oil and gas production with limited exposure to operational downside risks makes a compelling case for Viper Energy, Inc. (NASDAQ:VNOM).

Viper Energy, Inc. (NASDAQ:VNOM) is a Texas-based company that specializes in oil and natural gas properties in North America. Founded in 2013, the company is committed to maximizing long-term returns.

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