Viper Energy, Inc. Forecasted to Earn Q1 2024 Earnings of $0.41 Per Share (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at Capital One Financial decreased their Q1 2024 EPS estimates for Viper Energy in a research report issued to clients and investors on Thursday, March 21st. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will earn $0.41 per share for the quarter, down from their previous forecast of $0.60. The consensus estimate for Viper Energy’s current full-year earnings is $1.62 per share. Capital One Financial also issued estimates for Viper Energy’s Q2 2024 earnings at $0.43 EPS, Q3 2024 earnings at $0.45 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $1.77 EPS and FY2025 earnings at $1.52 EPS.

A number of other equities analysts have also recently issued reports on the stock. Raymond James cut their target price on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. StockNews.com downgraded Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Sandler reduced their price objective on Viper Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Finally, Evercore ISI reiterated an “outperform” rating and set a $37.00 price objective on shares of Viper Energy in a research report on Thursday, December 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Viper Energy has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

Viper Energy Stock Performance

Shares of VNOM stock opened at $38.00 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a market cap of $6.72 billion, a PE ratio of 14.07 and a beta of 1.79. Viper Energy has a 1 year low of $24.48 and a 1 year high of $38.76. The stock has a fifty day moving average price of $34.06 and a 200 day moving average price of $31.20.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The business had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue was up .5% compared to the same quarter last year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were given a dividend of $0.56 per share. This represents a yield of 3%. This is a boost from Viper Energy’s previous None dividend of $0.09. The ex-dividend date of this dividend was Monday, March 4th. Viper Energy’s dividend payout ratio is 40.00%.

Institutional Investors Weigh In On Viper Energy

A number of large investors have recently modified their holdings of VNOM. B. Riley Wealth Advisors Inc. boosted its holdings in Viper Energy by 139.5% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 36,100 shares of the oil and gas producer’s stock worth $1,133,000 after acquiring an additional 21,030 shares during the period. Vanguard Group Inc. lifted its stake in shares of Viper Energy by 1,045.4% in the fourth quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock worth $215,825,000 after acquiring an additional 6,277,324 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Viper Energy by 20.0% in the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock valued at $423,344,000 after purchasing an additional 2,246,219 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Viper Energy by 186.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 319,974 shares of the oil and gas producer’s stock valued at $10,041,000 after purchasing an additional 208,108 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its position in shares of Viper Energy by 118.6% in the 4th quarter. Integrated Advisors Network LLC now owns 66,516 shares of the oil and gas producer’s stock valued at $2,087,000 after purchasing an additional 36,085 shares in the last quarter. Institutional investors and hedge funds 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 primarily 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.