What is KeyCorp’s Estimate for Viper Energy Q2 Earnings?

Viper Energy Inc. (NASDAQ:VNOM) – KeyCorp issued their Q2 2027 EPS estimates for shares of Viper Energy in a research note issued on Tuesday, October 14th. KeyCorp analyst T. Rezvan forecasts that the oil and gas producer will post earnings of $0.66 per share for the quarter. KeyCorp has a “Overweight” rating and a $54.00 price objective on the stock. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share.

A number of other brokerages have also weighed in on VNOM. Wells Fargo & Company boosted their target price on shares of Viper Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday. William Blair started coverage on shares of Viper Energy in a research note on Monday, August 25th. They set an “outperform” rating for the company. Mizuho decreased their target price on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Raymond James Financial reissued an “outperform” rating and set a $57.00 price objective (down previously from $60.00) on shares of Viper Energy in a research report on Tuesday, July 29th. Finally, Piper Sandler upped their price objective on Viper Energy from $66.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus target price of $55.21.

Viper Energy Price Performance

Shares of VNOM opened at $36.22 on Thursday. The firm has a market cap of $10.45 billion, a PE ratio of 10.47, a P/E/G ratio of 16.21 and a beta of 0.92. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $39.14. Viper Energy has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Thursday, August 14th. Viper Energy’s dividend payout ratio is 38.15%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in Viper Energy in the 2nd quarter worth $27,000. Cullen Frost Bankers Inc. bought a new position in Viper Energy in the 1st quarter worth $34,000. AlphaQuest LLC bought a new position in Viper Energy in the 1st quarter worth $41,000. Assetmark Inc. boosted its holdings 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 worth $41,000 after buying an additional 350 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in Viper Energy by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,000 shares of the oil and gas producer’s stock worth $45,000 after buying an additional 500 shares during the period. Institutional investors own 87.72% of the company’s stock.

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.