Q4 EPS Estimates for Viper Energy Reduced by Zacks Research

Viper Energy, Inc. (NASDAQ:VNOM) – Zacks Research cut their Q4 2024 earnings estimates for shares of Viper Energy in a report released on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $0.32 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share. Zacks Research also issued estimates for Viper Energy’s Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $1.59 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.61 EPS and FY2026 earnings at $2.15 EPS.

VNOM has been the topic of several other reports. Piper Sandler cut their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target on the stock. Bank of America initiated coverage on Viper Energy in a report on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective for the company. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a report on Friday, December 13th. Finally, Raymond James increased their price target on shares of Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $59.36.

Viper Energy Stock Up 0.3 %

NASDAQ VNOM opened at $50.20 on Thursday. The business’s 50-day moving average is $51.60 and its 200 day moving average is $47.48. The stock has a market capitalization of $9.46 billion, a PE ratio of 21.55 and a beta of 1.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy has a 1 year low of $30.21 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.39%. Viper Energy’s dividend payout ratio (DPR) is 51.50%.

Institutional Investors Weigh In On Viper Energy

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in shares of Viper Energy in the second quarter worth $268,000. Commonwealth Equity Services LLC increased its holdings in Viper Energy by 33.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,606 shares of the oil and gas producer’s stock worth $698,000 after acquiring an additional 4,653 shares in the last quarter. Rhumbline Advisers bought a new stake in Viper Energy during the 2nd quarter worth approximately $3,076,000. Victory Capital Management Inc. purchased a new position in Viper Energy during the second quarter valued at approximately $1,081,000. Finally, Arizona State Retirement System boosted its position in shares of Viper Energy by 2.0% in the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer’s stock worth $848,000 after purchasing an additional 453 shares during the period. Institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

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.