Viper Energy Inc. (NASDAQ:VNOM) Receives Average Rating of “Buy” from Analysts

Shares of Viper Energy Inc. (NASDAQ:VNOM) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Thirteen research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $57.00.

A number of equities research analysts have recently commented on VNOM shares. Mizuho increased their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on shares of Viper Energy from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Barclays increased their target price on shares of Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Raymond James Financial restated an “outperform” rating and set a $60.00 price objective (up from $54.00) on shares of Viper Energy in a research report on Thursday, June 5th. Finally, Piper Sandler cut their price objective on shares of Viper Energy from $62.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $36.53 on Thursday. The company has a fifty day moving average of $39.88 and a two-hundred day moving average of $43.33. The stock has a market capitalization of $10.54 billion, a PE ratio of 9.61, a P/E/G ratio of 18.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 8.70 and a current ratio of 8.70. Viper Energy has a fifty-two week low of $34.71 and a fifty-two week high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $233.99 million. Viper Energy had a net margin of 43.43% and a return on equity of 5.41%. During the same period in the prior year, the business earned $0.49 earnings per share. As a group, research analysts forecast that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, May 15th. Viper Energy’s dividend payout ratio (DPR) is presently 31.58%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VNOM. CX Institutional boosted its stake in shares of Viper Energy by 14.1% in the second quarter. CX Institutional now owns 5,935 shares of the oil and gas producer’s stock valued at $226,000 after purchasing an additional 734 shares during the period. TD Private Client Wealth LLC raised its holdings in Viper Energy by 41.8% during the second quarter. TD Private Client Wealth LLC now owns 34,071 shares of the oil and gas producer’s stock worth $1,299,000 after purchasing an additional 10,048 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Viper Energy by 3.9% during the second quarter. Public Employees Retirement System of Ohio now owns 41,242 shares of the oil and gas producer’s stock worth $1,573,000 after purchasing an additional 1,532 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Viper Energy by 272.4% during the second quarter. Farther Finance Advisors LLC now owns 2,782 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 2,035 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Viper Energy by 65.6% in the 2nd quarter. UMB Bank n.a. now owns 1,217 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 482 shares during the period. 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.