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

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $43.86.

VNOM has been the subject of several research analyst reports. Truist Financial increased their price objective on Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays raised their price objective on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler upped their target price on shares of Viper Energy from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. TD Securities increased their target price on shares of Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Evercore ISI boosted their price target on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th.

Institutional Investors Weigh In On Viper Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ground Swell Capital LLC acquired a new stake in shares of Viper Energy during the second quarter valued at about $470,000. SIR Capital Management L.P. increased its holdings in Viper Energy by 26.5% during the 2nd quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer’s stock worth $29,153,000 after purchasing an additional 162,900 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new position in shares of Viper Energy in the 2nd quarter valued at approximately $1,181,000. Acadian Asset Management LLC purchased a new position in shares of Viper Energy during the 2nd quarter valued at approximately $1,756,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Viper Energy during the 2nd quarter valued at approximately $1,066,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 2.6 %

NASDAQ:VNOM opened at $44.18 on Thursday. Viper Energy has a 12-month low of $26.71 and a 12-month high of $45.19. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $39.12 and its 200-day simple moving average is $37.37. The firm has a market cap of $7.81 billion, a P/E ratio of 16.24 and a beta of 1.74.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. The company had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. Equities analysts anticipate that Viper Energy will post 1.95 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is 39.71%.

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.