Viper Energy FY2027 EPS Forecast Reduced by Zacks Research

Viper Energy Inc. (NASDAQ:VNOM) – Investment analysts at Zacks Research dropped their FY2027 earnings per share (EPS) estimates for shares of Viper Energy in a research report issued to clients and investors on Thursday, December 18th. Zacks Research analyst Team now expects that the oil and gas producer will earn $1.90 per share for the year, down from their prior estimate of $1.93. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share.

A number of other analysts have also recently commented on VNOM. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Barclays upped their price objective on shares of Viper Energy from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Piper Sandler decreased their target price on shares of Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Finally, William Blair assumed coverage on Viper Energy in a research report on Monday, August 25th. They issued an “outperform” rating on the stock. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.20.

Viper Energy Price Performance

Shares of VNOM stock opened at $38.23 on Friday. The business’s fifty day moving average is $37.66 and its 200 day moving average is $38.31. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 17.87 and a beta of 0.48. Viper Energy has a twelve month low of $34.71 and a twelve month high of $52.10.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The company had revenue of $418.00 million during the quarter, compared to analysts’ expectations of $389.35 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was up 98.1% compared to the same quarter last year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.32 annualized dividend and a yield of 3.5%. Viper Energy’s payout ratio is 54.55%.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently made changes to their positions in the company. Beacon Pointe Advisors LLC purchased a new position in Viper Energy in the 2nd quarter worth approximately $608,000. JPMorgan Chase & Co. boosted its stake in Viper Energy by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock valued at $11,588,000 after purchasing an additional 39,867 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Viper Energy in the 2nd quarter worth $505,000. Horizon Kinetics Asset Management LLC raised its stake in shares of Viper Energy by 6.1% in the second quarter. Horizon Kinetics Asset Management LLC now owns 1,711,181 shares of the oil and gas producer’s stock worth $65,247,000 after purchasing an additional 98,742 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Viper Energy by 190.7% during the first quarter. Jump Financial LLC now owns 93,000 shares of the oil and gas producer’s stock valued at $4,199,000 after purchasing an additional 61,005 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

About Viper Energy

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.