Q4 Earnings Forecast for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Equities researchers at Roth Capital dropped their Q4 2024 EPS estimates for shares of Viper Energy in a note issued to investors on Tuesday, January 28th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will earn $0.24 per share for the quarter, down from their prior forecast of $0.25. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping 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 business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue was down 28.5% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on VNOM. Bank of America assumed coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price on the stock. Roth Mkm raised their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Raymond James increased their price target on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective for the company in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $60.00.

Viper Energy Stock Up 1.0 %

VNOM stock opened at $46.84 on Wednesday. The business has a 50 day moving average of $50.67 and a 200 day moving average of $48.62. The firm has a market cap of $8.83 billion, a PE ratio of 20.10 and a beta of 1.73. Viper Energy has a twelve month low of $30.56 and a twelve month high of $56.76. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25.

Viper Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in Viper Energy by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after buying an additional 2,962 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Viper Energy by 25.3% in the second quarter. Sei Investments Co. now owns 56,765 shares of the oil and gas producer’s stock worth $2,130,000 after acquiring an additional 11,457 shares during the period. Xponance Inc. purchased a new stake in shares of Viper Energy during the second quarter worth about $225,000. The Manufacturers Life Insurance Company raised its stake in Viper Energy by 8.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock valued at $507,000 after purchasing an additional 1,006 shares during the period. Finally, Scientech Research LLC purchased a new position in Viper Energy in the 2nd quarter worth approximately $239,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

About Viper Energy

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.