Q4 Earnings Estimate for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOMFree Report) – Equities research analysts at Roth Capital cut their Q4 2024 EPS estimates for Viper Energy in a report released on Tuesday, January 28th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.24 per share for the quarter, down from their prior estimate of $0.25. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share.

Viper Energy (NASDAQ:VNOMGet Free Report) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating 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 company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the prior 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.

A number of other research analysts also recently issued reports on the stock. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Friday, December 13th. Bank of America assumed coverage on shares of Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler dropped their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Roth Mkm raised their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Get Our Latest Analysis on VNOM

Viper Energy Price Performance

Shares of VNOM opened at $46.24 on Wednesday. The firm has a market cap of $8.71 billion, a PE ratio of 19.85 and a beta of 1.73. Viper Energy has a 52-week low of $30.56 and a 52-week 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 business’s 50 day moving average price is $50.53 and its two-hundred day moving average price is $48.61.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.60%. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Institutional Investors Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Viper Energy by 4,836.9% in the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock worth $3,365,000 after acquiring an additional 73,085 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Viper Energy during the third quarter worth about $984,000. Geode Capital Management LLC grew its position in Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares in the last quarter. Summit Global Investments purchased a new stake in Viper Energy in the 3rd quarter valued at about $706,000. Finally, Retirement Systems of Alabama bought a new position in shares of Viper Energy during the 3rd quarter worth approximately $12,980,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

About Viper Energy

(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.

See Also

Earnings History and Estimates for Viper Energy (NASDAQ:VNOM)

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