Q4 Earnings Estimate for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Analysts at Roth Capital dropped their Q4 2024 earnings estimates for Viper Energy in a research report issued on Tuesday, November 5th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.27. The consensus estimate for Viper Energy’s current full-year earnings is $2.03 per share.

Several other research analysts have also commented on the company. Truist Financial lifted their price target on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Securities increased their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Barclays raised their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and a consensus target price of $51.25.

Viper Energy Stock Performance

NASDAQ VNOM opened at $55.42 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The stock’s fifty day moving average is $48.71 and its two-hundred day moving average is $43.13. The firm has a market capitalization of $9.80 billion, a P/E ratio of 23.79 and a beta of 1.72. Viper Energy has a fifty-two week low of $27.61 and a fifty-two week high of $56.08.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the firm posted $1.10 EPS. The business’s revenue for the quarter was down 28.5% compared to the same quarter last year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.17%. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 450 shares during the period. GAMMA Investing LLC increased its stake in Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the period. International Assets Investment Management LLC purchased a new stake in Viper Energy during the second quarter worth about $36,000. Plato Investment Management Ltd lifted its position in shares of Viper Energy by 119.2% during the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares in the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 2,550 shares during the period. 87.72% of the stock is currently 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.