Viper Energy, Inc. (NASDAQ:VNOM) Receives $48.17 Consensus Price Target from Analysts

Viper Energy, Inc. (NASDAQ:VNOM) has received a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $48.17.

VNOM has been the subject of several research reports. TD Securities upped their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Piper Sandler lifted their price objective on shares of Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Truist Financial increased their target price on shares of Viper Energy from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI raised their price target on Viper Energy from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, July 8th. Finally, Barclays upped their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th.

Hedge Funds Weigh In On Viper Energy

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy in the second quarter valued at approximately $36,000. ORG Partners LLC lifted its holdings in Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the period. Plato Investment Management Ltd boosted its position in shares of Viper Energy by 119.2% during the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock worth $106,000 after purchasing an additional 1,541 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Viper Energy by 94.4% during the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 2,019 shares during the period. Finally, Sandia Investment Management LP purchased a new position in shares of Viper Energy in the 1st quarter valued at about $192,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Stock Up 1.3 %

VNOM opened at $47.53 on Friday. Viper Energy has a one year low of $26.73 and a one year high of $49.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The stock has a market capitalization of $8.41 billion, a P/E ratio of 17.47 and a beta of 1.73. The business’s 50-day simple moving average is $44.94 and its 200-day simple moving average is $40.47.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.42 by $0.19. The company had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm’s revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 earnings per share. Analysts anticipate that Viper Energy will post 2.06 EPS for the current year.

Viper Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. Viper Energy’s dividend payout ratio (DPR) is 44.12%.

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.