Viper Energy, Inc. (NASDAQ:VNOM) Given Consensus Rating of “Buy” by Analysts

Viper Energy, Inc. (NASDAQ:VNOM) has earned a consensus recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $57.20.

Several brokerages recently commented on VNOM. TD Securities lifted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective for the company. Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Piper Sandler upped their price target on Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd.

Viper Energy Stock Performance

NASDAQ VNOM opened at $54.37 on Wednesday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 23.33 and a beta of 1.71. The company has a 50-day simple moving average of $51.72 and a two-hundred day simple moving average of $45.25. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 12-month low of $29.03 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $210.54 million. During the same period last year, the company earned $1.10 EPS. Viper Energy’s revenue for the quarter was down 28.5% compared to the same quarter last year. On average, equities analysts forecast that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

Institutional Trading of Viper Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in Viper Energy by 328.5% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Viper Energy during the 2nd quarter valued at about $36,000. National Bank of Canada FI increased its stake in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after purchasing an additional 1,165 shares in the last quarter. Finally, ORG Partners LLC increased its stake in Viper Energy by 962.3% during the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,550 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.