Viper Energy FY2024 EPS Estimate Raised by Zacks Research

Viper Energy, Inc. (NASDAQ:VNOM) – Research analysts at Zacks Research increased their FY2024 EPS estimates for Viper Energy in a research note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the oil and gas producer will earn $1.95 per share for the year, up from their previous estimate of $1.84. The consensus estimate for Viper Energy’s current full-year earnings is $2.03 per share. Zacks Research also issued estimates for Viper Energy’s Q1 2026 earnings at $0.37 EPS and FY2026 earnings at $1.84 EPS.

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

A number of other analysts also recently weighed in on the stock. Truist Financial raised their price target on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Barclays boosted their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Bank of America started coverage on shares of Viper Energy in a research report on Tuesday. They set a “buy” rating and a $64.00 price target on the stock. Finally, StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $55.78.

Viper Energy Trading Up 0.3 %

Shares of VNOM opened at $54.11 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy has a one year low of $29.03 and a one year high of $56.76. The stock has a 50-day moving average price of $51.44 and a 200 day moving average price of $44.90. The company has a market capitalization of $10.19 billion, a P/E ratio of 23.22 and a beta of 1.72.

Institutional Trading of Viper Energy

Several hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position 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 buying an additional 450 shares during the period. GAMMA Investing LLC boosted its stake 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. International Assets Investment Management LLC acquired a new position in Viper Energy during the 2nd quarter valued at about $36,000. National Bank of Canada FI increased its stake in shares of Viper Energy by 524.8% in the third 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 during the period. Finally, Plato Investment Management Ltd raised its holdings in shares of 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 valued at $106,000 after buying an additional 1,541 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

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.