Viper Energy, Inc. (NASDAQ:VNOM) Receives $40.50 Average PT from Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have received an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have covered the stock in the last year is $40.50.

A number of research firms have recently issued reports on VNOM. Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Truist Financial boosted their price target on shares of Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Piper Sandler boosted their price target on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Barclays began coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target on the stock.

Viper Energy Stock Down 0.8 %

Shares of NASDAQ VNOM opened at $39.55 on Tuesday. The company’s 50-day simple moving average is $37.58 and its 200-day simple moving average is $32.96. Viper Energy has a 52-week low of $24.48 and a 52-week high of $41.22. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 14.65 and a beta of 1.79. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.38.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The firm had revenue of $204.70 million for the quarter, compared to the consensus estimate of $204.61 million. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts predict that Viper Energy will post 1.74 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 3%. This is an increase from Viper Energy’s previous None dividend of $0.09. Viper Energy’s dividend payout ratio is presently 40.00%.

Hedge Funds Weigh In On Viper Energy

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in shares of Viper Energy by 22.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 547 shares during the period. ORG Partners LLC grew its stake in shares of Viper Energy by 26.7% during the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 680 shares during the period. Alps Advisors Inc. grew its stake in shares of Viper Energy by 6.2% during the 3rd quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock worth $329,000 after purchasing an additional 691 shares during the period. Arizona State Retirement System grew its stake in Viper Energy by 4.4% in the 4th quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock valued at $605,000 after acquiring an additional 812 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Viper Energy by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,655 shares of the oil and gas producer’s stock valued at $2,679,000 after acquiring an additional 909 shares during the last quarter. Hedge funds and other institutional investors 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.