FY2024 Earnings Estimate for Viper Energy Issued By KeyCorp

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at KeyCorp reduced their FY2024 earnings estimates for Viper Energy in a research report issued on Thursday, December 12th. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $2.18 for the year, down from their previous forecast of $2.26. KeyCorp has a “Overweight” rating and a $62.00 price objective on the stock. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share. KeyCorp also issued estimates for Viper Energy’s Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.59 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.39 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.43 EPS.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. The firm’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share.

A number of other research firms also recently issued reports on VNOM. JPMorgan Chase & Co. raised their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Roth Mkm raised their price target on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Raymond James upped their price target on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. The Goldman Sachs Group initiated coverage on shares of Viper Energy in a research report on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Bank of America started coverage on Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and an average target price of $58.18.

Viper Energy Price Performance

NASDAQ VNOM opened at $50.24 on Monday. Viper Energy has a one year low of $30.21 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a 50-day moving average of $52.45 and a 200 day moving average of $46.17. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 21.56 and a beta of 1.71.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. Viper Energy’s dividend payout ratio is currently 51.50%.

Institutional Trading of Viper Energy

A number of institutional investors have recently bought and sold shares of VNOM. Farther Finance Advisors LLC grew its position in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC grew its holdings in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy during the second quarter worth about $36,000. National Bank of Canada FI lifted its position in Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,165 shares during the period. Finally, Plato Investment Management Ltd boosted its holdings in shares of Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after purchasing an additional 1,541 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.