Viper Energy Inc. (NASDAQ:VNOM) Receives $54.20 Consensus Target Price from Analysts

Shares of Viper Energy Inc. (NASDAQ:VNOM) have earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $54.20.

VNOM has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. TD Securities set a $54.00 price target on shares of Viper Energy in a report on Tuesday, September 30th. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Mizuho lifted their target price on Viper Energy from $51.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Jefferies Financial Group began coverage on Viper Energy in a report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 price target for the company.

Viper Energy Trading Up 0.1%

NASDAQ VNOM opened at $36.57 on Thursday. Viper Energy has a 12 month low of $34.71 and a 12 month high of $52.03. The stock has a 50-day simple moving average of $37.94 and a 200 day simple moving average of $37.95. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $13.15 billion, a PE ratio of 15.11, a P/E/G ratio of 21.84 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $418.00 million during the quarter, compared to analyst estimates of $389.35 million. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The company’s revenue for the quarter was up 98.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. Research analysts forecast that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, November 13th. Viper Energy’s dividend payout ratio is presently 54.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VNOM. Financial Gravity Companies Inc. bought a new stake in shares of Viper Energy during the second quarter worth $27,000. Steigerwald Gordon & Koch Inc. acquired a new position in Viper Energy in the 3rd quarter worth $31,000. Ameriflex Group Inc. bought a new position in Viper Energy during the 3rd quarter worth about $38,000. Assetmark Inc. raised its stake in shares of Viper Energy by 48.7% in the 2nd quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock valued at $41,000 after purchasing an additional 350 shares during the period. Finally, CoreCap Advisors LLC lifted its holdings in shares of Viper Energy by 503.3% in the third quarter. CoreCap Advisors LLC now owns 1,086 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 906 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.