Viper Energy, Inc. Expected to Earn Q4 2024 Earnings of $0.31 Per Share (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Research analysts at Roth Capital cut their Q4 2024 earnings per share estimates for shares of Viper Energy in a research note issued on Thursday, September 12th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.32. The consensus estimate for Viper Energy’s current full-year earnings is $2.10 per share. Roth Capital also issued estimates for Viper Energy’s Q3 2025 earnings at $0.37 EPS and Q4 2025 earnings at $0.40 EPS.

A number of other analysts have also recently issued reports on VNOM. Truist Financial boosted their price objective on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their target price on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Piper Sandler increased their price target on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Barclays lifted their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, TD Securities upped their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Viper Energy has a consensus rating of “Moderate Buy” and an average target price of $48.17.

Viper Energy Trading Down 3.9 %

Shares of VNOM opened at $43.35 on Friday. The stock’s 50-day moving average price is $44.07 and its 200 day moving average price is $39.90. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 15.94 and a beta of 1.73. Viper Energy has a 12-month low of $26.73 and a 12-month high of $49.37.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $216.28 million. During the same period last year, the business posted $0.47 EPS. The business’s quarterly revenue was up 34.8% on a year-over-year basis.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.77%. Viper Energy’s payout ratio is presently 44.12%.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Viper Energy during the second quarter worth $36,000. ORG Partners LLC increased its holdings in shares of Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 2,550 shares in the last quarter. Plato Investment Management Ltd raised its position 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 worth $106,000 after purchasing an additional 1,541 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Viper Energy by 94.4% during the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP acquired a new position in shares of Viper Energy in the 1st quarter valued at approximately $192,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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.