Viper Energy price target lowered to $54 from $58 at TD Securities

TD Securities analyst Aaron Bilkoski lowered the firm’s price target on Viper Energy (VNOM) to $54 from $58 and keeps a Buy rating on the shares. The firm updated its commodity price deck to capture Q3-to-date trends and introduced 2027 financial estimates. TD’s oil price assumptions are relatively unchanged, and it adjusted crack spreads higher while making negative revisions to natural gas. Energy equities have been resilient through broader commodity weakness, which has driven valuations higher, the analyst tells investors in a research note.