Viper Energy’s (VNOM) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of Viper Energy (NASDAQ:VNOM) in a research note released on Wednesday morning,Weiss Ratings reports.

Several other research firms have also commented on VNOM. Raymond James Financial reissued an “outperform” rating and issued a $57.00 price objective (down previously from $60.00) on shares of Viper Energy in a research note on Tuesday, July 29th. Morgan Stanley assumed coverage on shares of Viper Energy in a research note on Monday, August 18th. They issued an “overweight” rating and a $46.00 price objective for the company. Barclays lowered their price objective on shares of Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Tuesday. TD Securities set a $54.00 price objective on shares of Viper Energy in a research note on Tuesday, September 30th. Finally, William Blair assumed coverage on shares of Viper Energy in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Sixteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.07.

Viper Energy Trading Down 3.3%

NASDAQ VNOM opened at $36.59 on Wednesday. The firm has a 50 day simple moving average of $38.35 and a 200-day simple moving average of $39.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 6.15 and a current ratio of 6.15. Viper Energy has a one year low of $34.71 and a one year high of $56.76. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 17.00 and a beta of 0.92.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. During the same quarter last year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities research analysts anticipate that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 14th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy’s payout ratio is currently 38.15%.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently bought and sold shares of VNOM. Financial Gravity Companies Inc. acquired a new position in Viper Energy in the 2nd quarter valued at $27,000. UMB Bank n.a. increased its stake in Viper Energy by 129.0% in the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 414 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Viper Energy in the 1st quarter valued at $34,000. AlphaQuest LLC acquired a new position in Viper Energy in the 1st quarter valued at $41,000. Finally, Assetmark Inc. increased its stake in 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 buying an additional 350 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

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.