Q4 EPS Estimates for Viper Energy Decreased by Roth Capital

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

Several other research firms also recently commented on VNOM. Truist Financial boosted their target price on Viper Energy from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Barclays lifted their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Piper Sandler cut their price target on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Viper Energy Stock Performance

Viper Energy stock opened at $46.39 on Wednesday. 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. The company has a market capitalization of $8.74 billion, a P/E ratio of 19.91 and a beta of 1.73. The stock’s 50 day moving average is $50.81 and its 200 day moving average is $48.57.

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

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Institutional Trading of Viper Energy

Several large investors have recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in Viper Energy in the fourth quarter worth about $25,000. Farther Finance Advisors LLC lifted its stake in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the last quarter. National Bank of Canada FI grew its position in Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 1,165 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in Viper Energy during the fourth quarter valued at approximately $94,000. Institutional investors own 87.72% of the company’s stock.

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.