Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Recommendation of “Buy” from Analysts

Viper Energy, Inc. (NASDAQ:VNOM) has received an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $48.17.

VNOM has been the topic of several recent analyst reports. Barclays upped their price target on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. TD Securities increased their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Evercore ISI boosted their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Truist Financial raised their price target on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Piper Sandler boosted their price target on Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th.

Viper Energy Stock Performance

Viper Energy stock opened at $44.00 on Friday. Viper Energy has a fifty-two week low of $26.73 and a fifty-two week high of $49.37. The firm’s 50 day simple moving average is $45.05 and its 200-day simple moving average is $40.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a market cap of $7.78 billion, a P/E ratio of 16.18 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.19. The firm had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. As a group, equities research analysts predict that Viper Energy will post 2.03 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Viper Energy’s dividend payout ratio (DPR) is presently 44.12%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VNOM. Jump Financial LLC acquired a new position in Viper Energy during the fourth quarter valued at approximately $350,000. Dynamic Technology Lab Private Ltd grew its stake in Viper Energy by 139.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 19,841 shares of the oil and gas producer’s stock valued at $622,000 after buying an additional 11,556 shares during the last quarter. Eagle Global Advisors LLC raised its holdings in Viper Energy by 26.2% in the 4th quarter. Eagle Global Advisors LLC now owns 43,400 shares of the oil and gas producer’s stock worth $1,362,000 after acquiring an additional 9,000 shares during the period. TD Asset Management Inc acquired a new position in Viper Energy during the 4th quarter worth $24,448,000. Finally, Stephens Investment Management Group LLC boosted its holdings in Viper Energy by 54.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,753,922 shares of the oil and gas producer’s stock valued at $55,038,000 after acquiring an additional 620,470 shares during the period. 87.72% of the stock is owned by institutional investors.

About Viper Energy

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.