Viper Energy, Inc. (NASDAQ:VNOM) Receives $40.50 Consensus Price Target from Brokerages

Viper Energy, Inc. (NASDAQ:VNOM) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $40.50.

Several equities research analysts have issued reports on the company. Raymond James cut their target price on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Truist Financial upped their target price on shares of Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Piper Sandler upped their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Barclays began coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 target price for the company.

Viper Energy Stock Down 0.3 %

Shares of VNOM opened at $39.59 on Tuesday. The stock has a fifty day simple moving average of $37.75 and a two-hundred day simple moving average of $33.15. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $7.00 billion, a PE ratio of 14.66 and a beta of 1.79. Viper Energy has a 52-week low of $24.48 and a 52-week high of $41.22.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. The company had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. Viper Energy’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. As a group, equities analysts forecast that Viper Energy will post 1.74 EPS for the current year.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a $0.56 dividend. This is a boost from Viper Energy’s previous None dividend of $0.09. This represents a dividend yield of 3%. The ex-dividend date was Monday, March 4th. Viper Energy’s dividend payout ratio (DPR) is presently 40.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cannon Global Investment Management LLC acquired a new position in shares of Viper Energy during the fourth quarter worth about $631,000. Vanguard Group Inc. grew its holdings in Viper Energy by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock worth $16,741,000 after acquiring an additional 70,815 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in shares of Viper Energy by 18.9% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer’s stock valued at $5,697,000 after purchasing an additional 28,800 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Viper Energy by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer’s stock valued at $50,951,000 after purchasing an additional 21,977 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Viper Energy during the 3rd quarter worth $1,747,000. 87.72% of the stock is owned by institutional investors and hedge funds.

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.