Zacks Research Predicts Reduced Earnings for Viper Energy

Viper Energy, Inc. (NASDAQ:VNOM) – Equities research analysts at Zacks Research cut their Q4 2024 earnings estimates for Viper Energy in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the oil and gas producer will post earnings per share of $0.33 for the quarter, down from their previous forecast of $0.35. 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 2025 earnings at $0.38 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.53 EPS, Q2 2026 earnings at $0.43 EPS and Q3 2026 earnings at $0.51 EPS.

A number of other equities analysts also recently commented on VNOM. Barclays upped their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Roth Mkm increased their price target on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Raymond James upped their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Piper Sandler raised their target price on shares of Viper Energy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and an average price target of $55.78.

Viper Energy Stock Performance

Viper Energy stock opened at $53.94 on Wednesday. Viper Energy has a 1-year low of $29.03 and a 1-year high of $56.76. The company’s 50-day moving average is $51.10 and its 200 day moving average is $44.72. The firm has a market capitalization of $10.16 billion, a P/E ratio of 23.15 and a beta of 1.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $210.54 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was down 28.5% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNOM. New York State Teachers Retirement System purchased a new position in shares of Viper Energy in the third quarter worth $984,000. Amalgamated Bank purchased a new position in Viper Energy in the 2nd quarter worth $616,000. Vanguard Group Inc. lifted its position in 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 worth $326,184,000 after acquiring an additional 1,603,333 shares during the period. Assenagon Asset Management S.A. grew its stake in 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 purchasing an additional 582,247 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Viper Energy in the third quarter valued at about $706,000. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. 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 payout ratio is 51.50%.

Viper Energy Company Profile

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.