Viper Energy, Inc. (NASDAQ:VNOM) Receives Average Rating of “Buy” from Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOMGet Free Report) have been given a consensus rating of “Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $58.18.

A number of brokerages recently weighed in on VNOM. JPMorgan Chase & Co. lifted their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Bank of America assumed coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price for the company. TD Securities raised their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group started coverage on Viper Energy in a report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company.

Get Our Latest Analysis on VNOM

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNOM. HB Wealth Management LLC purchased a new stake in shares of Viper Energy during the second quarter worth about $221,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Viper Energy by 72.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,303 shares of the oil and gas producer’s stock worth $762,000 after buying an additional 8,497 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Viper Energy during the second quarter worth $268,000. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy during the second quarter valued at $36,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Viper Energy during the second quarter valued at $267,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

NASDAQ:VNOM opened at $49.87 on Friday. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 21.40 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The business has a 50 day simple moving average of $51.70 and a 200-day simple moving average of $47.00. Viper Energy has a 1 year low of $30.21 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOMGet Free Report) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the company earned $1.10 EPS. The firm’s revenue for the quarter was down 28.5% compared to the same quarter last year. Equities analysts forecast that Viper Energy will post 2.01 EPS for the current year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given 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 2.41%. Viper Energy’s payout ratio is 51.50%.

Viper Energy Company Profile

(Get Free Report

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.

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Analyst Recommendations for Viper Energy (NASDAQ:VNOM)

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