Q2 2024 EPS Estimates for Viper Energy, Inc. Decreased by Analyst (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Equities research analysts at Roth Capital decreased their Q2 2024 earnings per share estimates for shares of Viper Energy in a note issued to investors on Wednesday, May 1st. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.33. The consensus estimate for Viper Energy’s current full-year earnings is $1.81 per share. Roth Capital also issued estimates for Viper Energy’s Q3 2024 earnings at $0.33 EPS.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a return on equity of 8.38% and a net margin of 24.24%. The business’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.

VNOM has been the topic of several other research reports. Barclays started coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price on the stock. Piper Sandler increased their price objective on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Truist Financial upped their target price on Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities upped their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Raymond James reduced their price objective 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.29.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $37.62 on Friday. Viper Energy has a fifty-two week low of $24.48 and a fifty-two week high of $41.22. The company has a market cap of $6.65 billion, a PE ratio of 13.83 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The business has a 50-day simple moving average of $37.88 and a two-hundred day simple moving average of $33.36.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 14th. This represents a yield of 2.9%. This is an increase from Viper Energy’s previous None dividend of $0.56. Viper Energy’s dividend payout ratio is currently 39.71%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VNOM. Cannon Global Investment Management LLC purchased a new position in Viper Energy in the 4th quarter valued at about $631,000. Vanguard Group Inc. increased its position in Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer’s stock worth $16,741,000 after purchasing an additional 70,815 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Viper Energy by 18.9% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer’s stock worth $5,697,000 after purchasing an additional 28,800 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in 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 during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Viper Energy in the third quarter valued at approximately $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.