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

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given an average recommendation of “Buy” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $57.90.

VNOM has been the topic of a number of research reports. The Goldman Sachs Group started coverage on shares of Viper Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective on the stock. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Piper Sandler boosted their price objective on Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, November 18th. TD Securities raised their target price on Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price target on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday.

Hedge Funds Weigh In On Viper Energy

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in Viper Energy by 78.2% during the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after buying an additional 1,682,183 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Viper Energy by 326.0% during the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock worth $28,554,000 after purchasing an additional 582,247 shares in the last quarter. Yaupon Capital Management LP acquired a new position in Viper Energy in the 3rd quarter valued at $18,044,000. Retirement Systems of Alabama purchased a new position in Viper Energy in the 3rd quarter valued at $12,980,000. Finally, Zimmer Partners LP lifted its holdings in Viper Energy by 344.0% in the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock valued at $14,661,000 after purchasing an additional 251,800 shares in the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Down 2.8 %

Viper Energy stock opened at $51.01 on Wednesday. Viper Energy has a fifty-two week low of $29.16 and a fifty-two week high of $56.76. The company has a market cap of $9.61 billion, a PE ratio of 21.89 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The business’s 50-day simple moving average is $52.11 and its two-hundred day simple moving average is $45.54.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Viper Energy’s revenue for the quarter was down 28.5% on a year-over-year basis. Equities analysts anticipate that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

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.