Zacks Research Expects Stronger Earnings for Viper Energy

Key Points

• Zacks Research raised Viper Energy’s Q2 2028 EPS estimate to $0.58 from $0.57 and maintains a “Strong-Buy” rating; it forecasts $0.62 EPS for Q3 2028 and $2.38 for FY2028.
• Viper Energy’s latest quarter met consensus at $0.76 EPS while revenue reached $677 million, exceeding estimates and rising 127.9% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and $56.93 target price; institutional investors own 87.72% of the stock.

Viper Energy Inc. (NASDAQ:VNOM - Free Report) - Zacks Research lifted their Q2 2028 earnings per share (EPS) estimates for shares of Viper Energy in a report issued on Tuesday, October 6th. Zacks Research analyst Team now expects that the oil and gas producer will post earnings per share of $0.58 for the quarter, up from their previous estimate of $0.57. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Viper Energy's current full-year earnings is $2.72 per share. Zacks Research also issued estimates for Viper Energy's Q3 2028 earnings at $0.62 EPS and FY2028 earnings at $2.38 EPS.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $643.45 million. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%.The company's quarterly revenue was up 127.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS.

Other equities analysts have also issued research reports about the company. Johnson Rice assumed coverage on Viper Energy in a research report on Monday, August 3rd. They issued an "accumulate" rating and a $55.00 target price for the company. TD Cowen reaffirmed a "buy" rating on shares of Viper Energy in a report on Tuesday, August 4th. Seaport Research Partners began coverage on shares of Viper Energy in a research note on Thursday, September 3rd. They issued a "buy" rating and a $45.00 price target for the company. Morgan Stanley decreased their price objective on shares of Viper Energy from $49.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Finally, Barclays lowered their price objective on shares of Viper Energy from $60.00 to $58.00 and set an "overweight" rating on the stock in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $56.93.

Viper Energy Trading Up 1.8%

Viper Energy stock opened at $41.59 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.37 and a quick ratio of 6.37. Viper Energy has a one year low of $35.10 and a one year high of $51.13. The stock has a market capitalization of $14.94 billion, a PE ratio of 319.95 and a beta of 0.50. The business's fifty day moving average is $43.05 and its 200 day moving average is $44.64.

Institutional Trading of Viper Energy

Large investors have recently added to or reduced their stakes in the business. Bornite Capital Management LP boosted its stake in shares of Viper Energy by 50.0% during the 4th quarter. Bornite Capital Management LP now owns 1,500,000 shares of the oil and gas producer's stock worth $57,945,000 after acquiring an additional 500,000 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Viper Energy in the 4th quarter worth $52,087,000. Stephens Investment Management Group LLC raised its holdings in Viper Energy by 8.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,231,728 shares of the oil and gas producer's stock worth $57,879,000 after purchasing an additional 93,498 shares during the period. Bank of New York Mellon Corp raised its holdings in Viper Energy by 13.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,223,344 shares of the oil and gas producer's stock worth $57,485,000 after purchasing an additional 145,221 shares during the period. Finally, GW&K Investment Management LLC purchased a new position in Viper Energy during the fourth quarter valued at $42,550,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Dividend Announcement

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

About Viper Energy

Viper Energy, Inc NASDAQ: VNOM is an oil and gas company that owns and acquires mineral, royalty and overriding royalty interests in properties operated primarily by other exploration and production companies. Its interests provide exposure to production from wells without requiring Viper to fund most drilling and completion activities.

The company's assets are concentrated in the Permian Basin of West Texas and southeastern New Mexico, including the Midland and Delaware sub-basins. Viper's interests are associated mainly with oil and natural gas development and generate revenue from its share of production, while its broad and diversified ownership position spans numerous wells and acreage holdings.

Viper Energy was established as Viper Energy Partners and became a publicly traded master limited partnership in 2014.

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