Viper Energy, Inc. (NASDAQ:VNOM) Given Average Rating of “Buy” by Brokerages

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have earned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $51.25.

VNOM has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Barclays lifted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Roth Mkm lifted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, TD Securities lifted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th.

Viper Energy Price Performance

Viper Energy stock opened at $50.84 on Friday. Viper Energy has a 12-month low of $28.55 and a 12-month high of $56.08. The stock has a market cap of $8.99 billion, a P/E ratio of 21.82 and a beta of 1.72. The company has a 50-day moving average price of $49.45 and a 200 day moving average price of $43.67. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results 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 business had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was down 28.5% on a year-over-year basis. Sell-side analysts anticipate that Viper Energy will post 2.07 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. Viper Energy’s dividend payout ratio is currently 51.50%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its stake in Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 460 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Viper Energy in the second quarter worth approximately $36,000. National Bank of Canada FI lifted its stake in 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 worth $63,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its position in shares of Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 1,541 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.