The market has been down on Viper Energy Partners LP (VNOM) stock recently. VNOM gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
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 $19.79 as of 1:56 PM on Monday, Jun 21, a gain of $1.41, or 7.67% from the previous closing price of $18.38. The stock has traded between $18.49 and $19.95 so far today. Volume today is high. So far 710,365 shares have traded compared to average volume of 530,605 shares.
To see InvestorsObserver's Sentiment Score for 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 2019 stand at 99,392 mboe.
Click Here to get the full Stock Score Report on Viper Energy Partners LP (VNOM) Stock.
