Piper Sandler Raises Viper Energy (NASDAQ:VNOM) Price Target to $43.00

Viper Energy (NASDAQ:VNOM) had its target price raised by Piper Sandler from $36.00 to $43.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the oil and gas producer’s stock.

Several other equities research analysts have also recently issued reports on the company. Raymond James reduced their target price on Viper Energy from $38.00 to $37.00 and set an outperform rating on the stock in a report on Wednesday, January 24th. Barclays assumed coverage on Viper Energy in a research note on Wednesday, April 10th. They set an overweight rating and a $44.00 price objective on the stock. StockNews.com cut Viper Energy from a buy rating to a hold rating in a research note on Tuesday, January 9th. Finally, Truist Financial boosted their price objective on Viper Energy from $47.00 to $52.00 and gave the stock a buy rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Viper Energy presently has a consensus rating of Moderate Buy and an average target price of $40.50.

Viper Energy Trading Up 0.3 %

Shares of VNOM stock opened at $39.14 on Friday. Viper Energy has a 12-month low of $24.48 and a 12-month high of $41.22. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average price is $37.20 and its 200-day moving average price is $32.73. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 14.50 and a beta of 1.79.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The firm had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Equities research analysts predict that Viper Energy will post 1.52 EPS for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.56 per share. This is a boost from Viper Energy’s previous None dividend of $0.09. The ex-dividend date was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy’s dividend payout ratio is currently 40.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VNOM. Parkside Financial Bank & Trust boosted its holdings in shares of Viper Energy by 22.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock valued at $95,000 after purchasing an additional 547 shares during the period. ORG Partners LLC boosted its holdings in shares of Viper Energy by 26.7% in the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock valued at $101,000 after purchasing an additional 680 shares during the period. Alps Advisors Inc. boosted its holdings in shares of Viper Energy by 6.2% in the third quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock valued at $329,000 after purchasing an additional 691 shares during the period. Arizona State Retirement System boosted its holdings in shares of Viper Energy by 4.4% in the fourth quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock valued at $605,000 after purchasing an additional 812 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in Viper Energy by 14.3% during the fourth quarter. Apollon Wealth Management LLC now owns 9,376 shares of the oil and gas producer’s stock worth $294,000 after buying an additional 1,176 shares during the period. 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.