Barclays and Mizuho raise Viper Energy PT after the Sitio deal

Shares of Viper Energy VNOM.O up marginally on low volumes premarket after brokerages raise PT on the Sitio Royalties STR.N deal

Brokerage Barclays raises Viper Energy VNOM.O PT to $60 from $57, while Mizuho raises PT to $55 from $54

As of last close, Barclays PT is about 44.8% upside, whereas Mizuho's PT is around 32.7% upside

"The STR acquisition cements VNOM as the premier unconventional royalty company and the go-to upstream yield vehicle" - Barclays

Mizuho says this deal further positions VNOM as a highly differentiated Energy name that should continue to attract investor interest

All 15 brokerages covering stock rate it "buy" or higher; their median PT is $53 - data compiled by LSEG

VNOM shares down 15.6% YTD, as of last close