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

Viper Energy, Inc. (NASDAQ:VNOM) has received a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $40.50.

Several research firms recently weighed in on VNOM. Piper Sandler upped their price target on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Truist Financial upped their price target on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Finally, Barclays began coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price objective for the company.

Viper Energy Price Performance

NASDAQ:VNOM opened at $39.14 on Tuesday. The firm’s fifty day moving average is $37.20 and its two-hundred day moving average is $32.73. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. Viper Energy has a one year low of $24.48 and a one year high of $41.22. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 14.50 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The business had revenue of $204.70 million for the quarter, compared to analyst estimates of $204.61 million. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Research analysts expect that Viper Energy will post 1.52 EPS for the current year.

Viper Energy Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a $0.56 dividend. This is an increase from Viper Energy’s previous None dividend of $0.09. The ex-dividend date was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy’s payout ratio is 40.00%.

Hedge Funds Weigh In On Viper Energy

Institutional investors have recently modified their holdings of the business. Chilton Capital Management LLC acquired a new position in shares of Viper Energy during the fourth quarter worth $63,000. Parkside Financial Bank & Trust grew its stake in shares of Viper Energy by 22.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 547 shares in the last quarter. ORG Partners LLC grew its stake in shares of Viper Energy by 26.7% during the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 680 shares in the last quarter. Adalta Capital Management LLC acquired a new position in shares of Viper Energy during the third quarter worth $139,000. Finally, Naples Global Advisors LLC acquired a new position in shares of Viper Energy during the fourth quarter worth $226,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Viper Energy

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.