Zacks Research Forecasts Higher Earnings for Viper Energy

Viper Energy, Inc. (NASDAQ:VNOM) – Zacks Research upped their FY2024 EPS estimates for shares of Viper Energy in a research note issued on Monday, November 25th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $1.95 per share for the year, up from their prior estimate of $1.84. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Viper Energy’s Q1 2026 earnings at $0.37 EPS and FY2026 earnings at $1.84 EPS.

Several other analysts also recently issued reports on VNOM. StockNews.com downgraded Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. TD Securities upped their target price on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Raymond James upped their target price on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Piper Sandler upped their target price on Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and nine have assigned a buy 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 $55.78.

Viper Energy Price Performance

NASDAQ VNOM opened at $53.94 on Thursday. The stock’s 50-day moving average price is $51.27 and its two-hundred day moving average price is $44.79. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.16 billion, a PE ratio of 23.15 and a beta of 1.72. Viper Energy has a 1 year low of $29.03 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The company had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period in the prior year, the company earned $1.10 EPS. Viper Energy’s revenue was down 28.5% on a year-over-year basis.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.22%. Viper Energy’s dividend payout ratio is currently 51.50%.

Hedge Funds Weigh In On Viper Energy

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Viper Energy by 78.2% during the third quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer’s stock worth $172,918,000 after purchasing an additional 1,682,183 shares during the period. Assenagon Asset Management S.A. boosted its position in Viper Energy by 326.0% during the second quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock worth $28,554,000 after purchasing an additional 582,247 shares during the period. Yaupon Capital Management LP bought a new stake in Viper Energy during the third quarter worth approximately $18,044,000. Zimmer Partners LP boosted its position in Viper Energy by 344.0% during the third quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer’s stock worth $14,661,000 after purchasing an additional 251,800 shares during the period. Finally, Geode Capital Management LLC boosted its position in Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer’s stock worth $76,647,000 after purchasing an additional 234,048 shares during the period. 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.