Zacks Research Decreases Earnings Estimates for Viper Energy

Viper Energy Inc. (NASDAQ:VNOM) – Stock analysts at Zacks Research cut their FY2027 earnings per share (EPS) estimates for shares of Viper Energy in a report released on Thursday, December 18th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $1.90 for the year, down from their prior forecast of $1.93. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $418.00 million for 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 firm’s quarterly revenue was up 98.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS.

VNOM has been the topic of several other reports. Barclays upped their target price on Viper Energy from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Piper Sandler reduced their price objective on Viper Energy from $68.00 to $64.00 and set an “overweight” rating for the company in a research note on Tuesday, November 18th. Wall Street Zen lowered Viper Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 26th. Wells Fargo & Company raised their price target on shares of Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.20.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $37.91 on Friday. The company has a 50 day moving average price of $37.69 and a 200 day moving average price of $38.29. The firm has a market capitalization of $13.63 billion, a P/E ratio of 15.67, a PEG ratio of 17.45 and a beta of 0.48. Viper Energy has a 52 week low of $34.71 and a 52 week high of $52.10. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were given a $0.33 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. Viper Energy’s payout ratio is 54.55%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VNOM. Beacon Pointe Advisors LLC acquired a new stake in shares of Viper Energy during the 2nd quarter worth about $608,000. JPMorgan Chase & Co. boosted its stake in Viper Energy by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock worth $11,588,000 after buying an additional 39,867 shares during the period. Kingsview Wealth Management LLC acquired a new stake in shares of Viper Energy during the second quarter valued at about $505,000. Horizon Kinetics Asset Management LLC raised its stake in shares of Viper Energy by 6.1% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 1,711,181 shares of the oil and gas producer’s stock valued at $65,247,000 after acquiring an additional 98,742 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Viper Energy by 3.9% in the 2nd 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 acquiring an additional 1,532 shares during the last quarter. Hedge funds and other 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.