Capital One Financial Brokers Decrease Earnings Estimates for Viper Energy, Inc. (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Analysts at Capital One Financial dropped their Q3 2024 EPS estimates for Viper Energy in a report issued on Tuesday, September 17th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.54 for the quarter, down from their prior estimate of $0.61. The consensus estimate for Viper Energy’s current full-year earnings is $2.06 per share. Capital One Financial also issued estimates for Viper Energy’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $2.19 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.41 EPS and FY2026 earnings at $2.46 EPS.

Several other analysts have also commented on VNOM. Evercore ISI increased their price target on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Piper Sandler raised their target price 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. Barclays upped their price target on Viper Energy from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Truist Financial upped their target price on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, TD Securities increased their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.17.

Viper Energy Trading Up 0.5 %

Shares of NASDAQ VNOM opened at $45.66 on Friday. Viper Energy has a 1-year low of $26.73 and a 1-year high of $49.37. The business has a fifty day moving average price of $44.69 and a 200 day moving average price of $40.26. The stock has a market capitalization of $8.08 billion, a P/E ratio of 16.79 and a beta of 1.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VNOM. Swiss National Bank raised its holdings in shares of Viper Energy by 17.3% during the first quarter. Swiss National Bank now owns 159,277 shares of the oil and gas producer’s stock worth $6,126,000 after purchasing an additional 23,500 shares during the last quarter. Scout Investments Inc. acquired a new position in shares of Viper Energy in the 4th quarter valued at about $40,808,000. Empowered Funds LLC lifted its holdings in shares of Viper Energy by 458.2% in the 1st quarter. Empowered Funds LLC now owns 76,032 shares of the oil and gas producer’s stock valued at $2,924,000 after buying an additional 62,411 shares during the period. Integrated Advisors Network LLC boosted its stake in shares of Viper Energy by 118.6% in the fourth quarter. Integrated Advisors Network LLC now owns 66,516 shares of the oil and gas producer’s stock worth $2,087,000 after buying an additional 36,085 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Viper Energy by 81.9% during the first quarter. Sei Investments Co. now owns 45,308 shares of the oil and gas producer’s stock worth $1,743,000 after acquiring an additional 20,396 shares during the period. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s payout ratio is 44.12%.

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.