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Fly News Breaks for May 1, 2019
VNOM
May 1, 2019 | 07:11 EDT
Stephens analyst Gail Nicholson said she believes the Q1 production miss and muted Q2 production outlook reported by Viper Energy is predominately due to timing and a lower than expected average net revenue interest. However, she anticipates that average NRI increases for the remainder of 2019 and would be a buyer on any weakness. Nicholson keeps an Overweight rating on Viper with an unchanged price target of $47.
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