Brokerages Set Viper Energy, Inc. (NASDAQ:VNOM) Price Target at $47.43

Viper Energy, Inc. (NASDAQ:VNOM) has earned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $48.63.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Evercore ISI boosted their target price on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. TD Securities upped their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Piper Sandler increased their price target on shares of Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Barclays lifted their target price on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th.

Viper Energy Price Performance

NASDAQ VNOM opened at $51.91 on Tuesday. The company’s 50 day simple moving average is $47.24 and its 200 day simple moving average is $41.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The firm has a market capitalization of $9.18 billion, a PE ratio of 17.78 and a beta of 1.73. Viper Energy has a 12 month low of $27.61 and a 12 month high of $52.32.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. During the same period in the prior year, the company earned $0.47 EPS. Viper Energy’s revenue was up 34.8% on a year-over-year basis. As a group, equities research analysts forecast that Viper Energy will post 1.98 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, August 15th. Viper Energy’s payout ratio is 41.10%.

Institutional Trading of Viper Energy

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Viper Energy by 208.1% during 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 during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Viper Energy during the second quarter valued at approximately $36,000. Plato Investment Management Ltd boosted its stake in Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 1,541 shares in the last quarter. ORG Partners LLC raised its stake in shares of Viper Energy by 962.3% in the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,550 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Viper Energy by 94.4% in the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 2,019 shares during the period. 87.72% of the stock is owned by 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.