Here's Why Viper Energy Partners (VNOM) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Viper Energy Partners (VNOM)
Midland, TX-based Viper Energy Partners LP is a variable distribution MLP and is a subsidiary of Diamondback Energy — an independent oil & gas exploration and production company. The partnership has mineral interest in prolific oil-rich shale plays like the Eagle Ford and Permian Basin.
VNOM sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 1% and 17% year-over-year, respectively.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.31 to $1.94 per share. VNOM boasts an average earnings surprise of 94.1%.
Viper Energy Partners is also cash rich. The company has generated cash flow growth of 11.8%, and is expected to report cash flow expansion of 82.9% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, VNOM should be on investors' short lists.
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Viper Energy Partners LP (VNOM) : Free Stock Analysis Report
