Viper Energy, Inc. (NASDAQ:VNOM) Receives Average Recommendation of “Buy” from Brokerages

Viper Energy, Inc. (NASDAQ:VNOM) has received a consensus rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $40.50.

A number of brokerages have recently commented on VNOM. Piper Sandler lifted their price objective on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Raymond James dropped their price objective on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Truist Financial increased their price target on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Barclays started coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price objective for the company.

Viper Energy Trading Down 0.3 %

Shares of VNOM stock opened at $39.59 on Tuesday. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 14.66 and a beta of 1.79. 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 firm has a 50-day moving average price of $37.75 and a 200 day moving average price of $33.15. Viper Energy has a twelve month low of $24.48 and a twelve month high of $41.22.

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

Viper Energy Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new stake in shares of Viper Energy in the first quarter valued at about $537,000. Cambridge Investment Research Advisors Inc. grew its position in Viper Energy by 1.3% in the first 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 in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Viper Energy by 59.2% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 289,050 shares of the oil and gas producer’s stock valued at $11,117,000 after purchasing an additional 107,515 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Viper Energy during the first quarter worth $6,868,000. Finally, Requisite Capital Management LLC boosted its stake in shares of Viper Energy by 2.7% in the first quarter. Requisite Capital Management LLC now owns 46,672 shares of the oil and gas producer’s stock valued at $1,795,000 after purchasing an additional 1,228 shares during the period. Institutional investors and hedge funds 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.