Viper Energy, Inc. (NASDAQ:VNOM) Given Average Recommendation of “Buy” by Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have received an average rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $57.20.

VNOM has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Raymond James raised their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Bank of America started coverage on shares of Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 target price on the stock. Roth Mkm increased their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Truist Financial lifted their price target on Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Viper Energy

A number of institutional investors have recently made changes to their positions in VNOM. New York State Teachers Retirement System purchased a new position in Viper Energy in the third quarter worth $984,000. Amalgamated Bank bought a new position in shares of Viper Energy during the 2nd quarter valued at about $616,000. Assenagon Asset Management S.A. raised its holdings in shares of Viper Energy by 326.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 760,830 shares of the oil and gas producer’s stock valued at $28,554,000 after buying an additional 582,247 shares in the last quarter. Summit Global Investments bought a new stake in Viper Energy in the 3rd quarter worth approximately $706,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Viper Energy in the third quarter worth approximately $1,268,000. Institutional investors own 87.72% of the company’s stock.

Viper Energy Trading Up 0.2 %

Shares of VNOM stock opened at $54.37 on Wednesday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $10.24 billion, a P/E ratio of 23.33 and a beta of 1.71. The company has a 50 day moving average of $51.72 and a 200-day moving average of $45.25. Viper Energy has a 12-month low of $29.03 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. Sell-side analysts anticipate that Viper Energy will post 2.02 earnings per share for the current year.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

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.