Viper Energy, Inc. (NASDAQ:VNOM) Receives $57.20 Average PT from Analysts

Viper Energy, Inc. (NASDAQ:VNOM) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $57.90.

Several equities research analysts have weighed in on VNOM shares. The Goldman Sachs Group started coverage on Viper Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $70.00 target price for the company. JPMorgan Chase & Co. upped their target price on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Roth Mkm upped their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Piper Sandler upped their target price on Viper Energy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Finally, Raymond James upped their price target on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st.

Institutional Trading of Viper Energy

A number of large investors have recently bought and sold shares of VNOM. Fulcrum Equity Management boosted its position in shares of Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after purchasing an additional 375 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Viper Energy by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock worth $848,000 after purchasing an additional 453 shares in the last quarter. Andina Capital Management LLC lifted its position in Viper Energy by 3.8% in the 3rd quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer’s stock valued at $569,000 after acquiring an additional 459 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 460 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Trading Down 0.8 %

Shares of NASDAQ:VNOM opened at $50.41 on Wednesday. Viper Energy has a 12-month low of $29.16 and a 12-month high of $56.76. The stock has a market cap of $9.50 billion, a PE ratio of 21.64 and a beta of 1.71. The business has a 50 day moving average of $52.23 and a 200-day moving average of $45.64. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. As a group, equities research analysts forecast that Viper Energy will post 2.02 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.38%. Viper Energy’s payout ratio is currently 51.50%.

Viper Energy Company Profile

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.