Viper Energy Inc. (NASDAQ:VNOM) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Viper Energy, with 16 buy ratings and two holds. The average 12-month price target is approximately $56.93, above the stock’s reported $44.64 price.
• Viper Energy’s latest quarterly results met expectations, with adjusted earnings of $0.76 per share and revenue of $677 million, up 127.9% year over year and ahead of analyst estimates.
• Institutional investors own 87.72% of the company, while Viper recently paid a special dividend of $0.29 per share. The stock has traded between $35.10 and $51.13 over the past year.

Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $56.9333.

A number of research firms have recently weighed in on VNOM. TD Cowen reaffirmed a "buy" rating on shares of Viper Energy in a research note on Tuesday, August 4th. Truist Financial lowered their price target on Viper Energy from $58.00 to $52.00 and set a "buy" rating for the company in a research note on Monday, July 20th. TD increased their price objective on Viper Energy from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Johnson Rice started coverage on shares of Viper Energy in a research report on Monday, August 3rd. They set an "accumulate" rating and a $55.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on shares of Viper Energy in a research report on Friday, May 29th. They set an "outperform" rating and a $58.00 price objective on the stock.

Institutional Investors Weigh In On Viper Energy

Several institutional investors and hedge funds have recently modified their holdings of VNOM. Engineers Gate Manager LP bought a new position in Viper Energy in the 2nd quarter worth approximately $2,453,000. Integrated Wealth Concepts LLC acquired a new position in shares of Viper Energy during the second quarter worth approximately $56,000. IFP Advisors Inc boosted its position in shares of Viper Energy by 1,250.0% in the second quarter. IFP Advisors Inc now owns 945 shares of the oil and gas producer's stock valued at $40,000 after acquiring an additional 875 shares during the period. Arizona State Retirement System boosted its position in shares of Viper Energy by 0.6% in the second quarter. Arizona State Retirement System now owns 52,276 shares of the oil and gas producer's stock valued at $2,217,000 after acquiring an additional 312 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Viper Energy in the second quarter worth $1,675,000. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Down 0.2%

VNOM stock opened at $44.64 on Tuesday. The company has a 50 day moving average of $43.68 and a two-hundred day moving average of $45.03. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 343.41 and a beta of 0.39. Viper Energy has a 12-month low of $35.10 and a 12-month high of $51.13. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%.The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $643.45 million. During the same period last year, the company earned $0.41 earnings per share. Viper Energy's quarterly revenue was up 127.9% compared to the same quarter last year. On average, equities analysts anticipate that Viper Energy will post 2.74 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently declared a special dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, August 13th. This represents a dividend yield of 281.0%. Viper Energy's dividend payout ratio (DPR) is currently 1,169.23%.

About Viper Energy

Viper Energy, Inc NASDAQ: VNOM is a mineral and royalty company focused on owning interests in oil and natural gas properties. Rather than drilling and operating wells directly, the company leases its mineral and royalty interests to exploration and production companies and receives a share of the revenue generated from the resulting production.

Viper's asset portfolio is concentrated in the Permian Basin, including the Midland and Delaware sub-basins in West Texas and southeastern New Mexico.

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