Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given a consensus rating of “Buy” by the six analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $48.17.

A number of equities analysts recently commented on the company. Barclays lifted their target price on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Evercore ISI raised their price objective 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. Piper Sandler upped their target price on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Truist Financial raised their price target 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. Finally, TD Securities boosted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Institutional Investors Weigh In On Viper Energy

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in Viper Energy during the second quarter worth approximately $36,000. ORG Partners LLC increased its stake in 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 last quarter. Plato Investment Management Ltd raised its holdings 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 purchasing an additional 1,541 shares in the last quarter. Larson Financial Group LLC lifted its position 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 worth $160,000 after buying an additional 2,019 shares during the last quarter. Finally, Sandia Investment Management LP purchased a new stake in shares of Viper Energy during the 1st quarter worth approximately $192,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of VNOM stock opened at $47.53 on Friday. The firm’s 50-day moving average is $44.94 and its two-hundred day moving average is $40.47. Viper Energy has a 12 month low of $26.73 and a 12 month high of $49.37. 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 company has a market capitalization of $8.41 billion, a PE ratio of 17.47 and a beta of 1.73.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS 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 for the quarter, compared to analysts’ expectations of $216.28 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. Viper Energy’s revenue for the quarter was up 34.8% compared to the same quarter last year. Analysts predict that Viper Energy will post 2.06 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio is presently 44.12%.

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.