Q3 2024 EPS Estimates for Viper Energy, Inc. Lowered by Capital One Financial (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at Capital One Financial cut their Q3 2024 earnings per share estimates for Viper Energy in a research report issued to clients and investors on Tuesday, September 17th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.54 for the quarter, down from their previous estimate of $0.61. The consensus estimate for Viper Energy’s current full-year earnings is $2.06 per share. Capital One Financial also issued estimates for Viper Energy’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $2.19 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.41 EPS and FY2026 earnings at $2.46 EPS.

Viper Energy (NASDAQ:VNOM) last issued its 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. The firm had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business’s revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share.

Several other equities research analysts have also recently weighed in on VNOM. Piper Sandler boosted 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. Truist Financial upped their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Securities lifted their price target on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Evercore ISI boosted their price objective on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 8th. Finally, Barclays raised their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $48.17.

Viper Energy Stock Up 0.5 %

Shares of VNOM opened at $45.66 on Friday. 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 stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 16.79 and a beta of 1.73. Viper Energy has a 1 year low of $26.73 and a 1 year high of $49.37. The business’s 50 day simple moving average is $44.69 and its 200-day simple moving average is $40.26.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors and hedge funds have recently modified their holdings of VNOM. International Assets Investment Management LLC bought a new stake in Viper Energy during the 2nd quarter valued at about $36,000. Plato Investment Management Ltd boosted its holdings in shares of Viper Energy by 119.2% in 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 purchasing an additional 1,541 shares during the period. ORG Partners LLC boosted 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 valued at $107,000 after purchasing an additional 2,550 shares during the period. Larson Financial Group LLC grew 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 worth $160,000 after purchasing an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new position in Viper Energy during the 1st quarter worth $192,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is currently 44.12%.

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.