Viper Energy, Inc. (NASDAQ:VNOM) Receives $51.25 Consensus Target Price from Brokerages

Viper Energy, Inc. (NASDAQ:VNOM) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $51.25.

A number of research analysts recently commented on the company. TD Securities boosted their price target on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price target on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Piper Sandler boosted their price target on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Barclays lifted their price objective on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th.

Viper Energy Stock Performance

NASDAQ VNOM opened at $53.68 on Friday. The business has a 50-day moving average price of $48.98 and a 200-day moving average price of $43.36. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 23.42 and a beta of 1.72. Viper Energy has a twelve month low of $28.55 and a twelve month high of $56.08. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35.

Viper Energy (NASDAQ:VNOM) last posted 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 return on equity of 6.99% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was down 28.5% compared to the same quarter last year. As a group, equities research analysts predict that Viper Energy will post 2.07 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Hedge Funds Weigh In On Viper Energy

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in 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 valued at $26,000 after purchasing an additional 450 shares during the period. Arizona State Retirement System increased its position in 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 valued at $848,000 after purchasing an additional 453 shares during the period. Andina Capital Management LLC increased its position in Viper Energy by 3.8% during 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 purchasing an additional 459 shares during the period. GAMMA Investing LLC increased its position 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 purchasing an additional 460 shares during the period. Finally, Truist Financial Corp increased its position in Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer’s stock valued at $421,000 after purchasing an additional 488 shares during the period. Institutional investors own 87.72% of the company’s stock.

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.