How Will the Market React to Viper Energy Partners LP (VNOM) Stock Getting a Bullish Rating

Overall market sentiment has been high on Viper Energy Partners LP (VNOM) stock lately. VNOM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Viper Energy Partners LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on VNOM!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With VNOM Stock Today?

Viper Energy Partners LP (VNOM) stock is trading at $29.77 as of 3:03 PM on Monday, Aug 15, a drop of -$1.14, or -3.69% from the previous closing price of $30.91. The stock has traded between $29.31 and $30.33 so far today. Volume today is 528,213 compared to average volume of 578,353. To screen for more stocks like Viper Energy Partners LP click here.

More About Viper Energy Partners LP

Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2020 stand at 99,392 mboe. Click Here to get the full Stock Report for Viper Energy Partners LP stock.