FY2024 EPS Estimates for Viper Energy, Inc. (NASDAQ:VNOM) Decreased by Capital One Financial

Viper Energy, Inc. (NASDAQ:VNOM) – Investment analysts at Capital One Financial cut their FY2024 earnings per share (EPS) estimates for Viper Energy in a research note issued on Tuesday, May 21st. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $2.14 per share for the year, down from their previous forecast of $2.16. The consensus estimate for Viper Energy’s current full-year earnings is $1.86 per share.

Other equities research analysts have also recently issued research reports about the company. TD Securities boosted their price objective on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Barclays started coverage on Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price objective for the company. Piper Sandler boosted their target price on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Truist Financial boosted their target price on Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.29.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $37.43 on Thursday. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. Viper Energy has a twelve month low of $24.48 and a twelve month high of $41.22. The stock has a 50 day moving average of $38.31 and a two-hundred day moving average of $34.20. The stock has a market cap of $6.62 billion, a P/E ratio of 13.76 and a beta of 1.78.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The company had revenue of $205.39 million during the quarter, compared to analysts’ expectations of $200.63 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cannon Global Investment Management LLC acquired a new position in Viper Energy during the fourth quarter worth $631,000. Vanguard Group Inc. grew its holdings in Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock worth $16,741,000 after acquiring an additional 70,815 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Viper Energy by 18.9% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer’s stock worth $5,697,000 after acquiring an additional 28,800 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Viper Energy by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer’s stock worth $50,951,000 after acquiring an additional 21,977 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Viper Energy during the third quarter worth $1,747,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were issued a dividend of $0.59 per share. This represents a yield of 2.9%. The ex-dividend date was Tuesday, May 14th. This is a positive change from Viper Energy’s previous None dividend of $0.56. Viper Energy’s dividend payout ratio is currently 39.71%.

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.