Zacks Research Weighs in on Viper Energy, Inc.’s Q3 2024 Earnings (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Viper Energy in a note issued to investors on Tuesday, May 21st. Zacks Research analyst R. Department now forecasts that the oil and gas producer will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Viper Energy’s current full-year earnings is $1.86 per share. Zacks Research also issued estimates for Viper Energy’s Q4 2024 earnings at $0.41 EPS and FY2026 earnings at $1.53 EPS.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler raised their target price on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. TD Securities lifted their target price on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Truist Financial increased their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Barclays initiated coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.29.

Viper Energy Stock Performance

Shares of NASDAQ:VNOM opened at $37.43 on Wednesday. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 13.76 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The company’s 50 day simple moving average is $38.31 and its 200 day simple moving average is $34.20.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 EPS for the quarter, beating the consensus estimate of $0.37 by $0.15. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The company had revenue of $205.39 million during the quarter, compared to analysts’ expectations of $200.63 million.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently added to or reduced their stakes in VNOM. Chilton Capital Management LLC acquired a new position in shares of Viper Energy during the fourth quarter worth $63,000. Parkside Financial Bank & Trust increased its stake in shares of Viper Energy by 22.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock valued at $95,000 after buying an additional 547 shares during the period. ORG Partners LLC raised its position in shares of Viper Energy by 26.7% during the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 680 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of 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 acquiring an additional 2,019 shares during the period. Finally, Adalta Capital Management LLC bought a new stake in Viper Energy in the third quarter valued at approximately $139,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were issued a $0.59 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 14th. This is a positive change from Viper Energy’s previous None dividend of $0.56. Viper Energy’s dividend payout ratio (DPR) is 39.71%.

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.