Q2 2024 Earnings Forecast for Viper Energy, Inc. (NASDAQ:VNOM) Issued By Zacks Research

Viper Energy, Inc. (NASDAQ:VNOM) – Analysts at Zacks Research reduced their Q2 2024 EPS estimates for shares of Viper Energy in a research note issued to investors on Tuesday, June 18th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $0.39 per share for the quarter, down from their previous forecast of $0.41. The consensus estimate for Viper Energy’s current full-year earnings is $1.97 per share. Zacks Research also issued estimates for Viper Energy’s Q3 2024 earnings at $0.40 EPS, Q1 2025 earnings at $0.58 EPS, Q2 2025 earnings at $0.45 EPS, FY2025 earnings at $1.88 EPS, Q1 2026 earnings at $0.37 EPS and FY2026 earnings at $1.50 EPS.

Other equities research analysts have also issued research reports about the company. TD Securities upped their price target on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler increased their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Barclays started coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target on the stock. Finally, Truist Financial lifted their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.29.

Viper Energy Stock Up 1.5 %

NASDAQ:VNOM opened at $36.85 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. Viper Energy has a one year low of $24.86 and a one year high of $41.22. The company has a market cap of $6.52 billion, a PE ratio of 13.55 and a beta of 1.74. The firm’s 50 day simple moving average is $37.88 and its 200 day simple moving average is $35.16.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The company had revenue of $205.39 million for the quarter, compared to the consensus estimate of $200.63 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of Viper Energy by 20.0% during the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock worth $423,344,000 after purchasing an additional 2,246,219 shares during the period. Vanguard Group Inc. raised its stake in shares of Viper Energy by 23.3% during the 1st quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock valued at $326,184,000 after purchasing an additional 1,603,333 shares during the period. Capital World Investors boosted its stake in Viper Energy by 16.8% in the 1st quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock worth $246,566,000 after purchasing an additional 923,276 shares during the period. Epoch Investment Partners Inc. grew its holdings in Viper Energy by 19.8% during the 1st quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock valued at $115,434,000 after buying an additional 496,131 shares in the last quarter. Finally, Scout Investments Inc. lifted its holdings in shares of Viper Energy by 48.8% in the first quarter. Scout Investments Inc. now owns 1,934,469 shares of the oil and gas producer’s stock worth $73,703,000 after buying an additional 634,036 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Increases Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.59 per share. This represents a yield of 2.9%. This is an increase from Viper Energy’s previous None dividend of $0.56. The ex-dividend date was Tuesday, May 14th. Viper Energy’s payout ratio is currently 39.71%.

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.