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

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given an average rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.50.

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

Viper Energy Stock Performance

Viper Energy stock opened at $39.71 on Tuesday. Viper Energy has a twelve month low of $24.48 and a twelve month high of $41.22. 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 $7.02 billion, a P/E ratio of 14.71 and a beta of 1.79. The stock’s 50 day moving average is $37.66 and its 200 day moving average is $33.04.

Viper Energy (NASDAQ:VNOM) last released 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 firm had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, equities research analysts predict that Viper Energy will post 1.74 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were issued a $0.56 dividend. This is an increase from Viper Energy’s previous None dividend of $0.09. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 3%. Viper Energy’s dividend payout ratio is currently 40.00%.

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Chilton Capital Management LLC bought a new position in Viper Energy in the fourth quarter worth approximately $63,000. Parkside Financial Bank & Trust raised its holdings in Viper Energy by 22.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 547 shares during the period. ORG Partners LLC raised its holdings in Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 680 shares during the period. Adalta Capital Management LLC purchased a new position in Viper Energy during the third quarter valued at $139,000. Finally, Annandale Capital LLC bought a new stake in Viper Energy during the third quarter valued at about $202,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.