Q3 2024 EPS Estimates for Viper Energy, Inc. Decreased by Zacks Research (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2024 EPS estimates for Viper Energy in a report issued on Tuesday, May 21st. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $0.42 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for Viper Energy's current full-year earnings is $1.86 per share. Zacks Research also issued estimates for Viper Energy's Q4 2024 earnings at $0.41 EPS and FY2026 earnings at $1.53 EPS.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.15. The business had revenue of $205.39 million for the quarter, compared to the consensus estimate of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%.

A number of other research analysts have also recently issued reports on the stock. TD Securities raised their price target on shares of Viper Energy from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Wednesday, May 1st. Truist Financial boosted their price target on Viper Energy from $52.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Piper Sandler raised their price objective on Viper Energy from $36.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Barclays began coverage on Viper Energy in a research report on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 target price on the stock. Finally, Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.29.

Viper Energy Stock Down 1.8 %

NASDAQ:VNOM traded down $0.70 during mid-day trading on Wednesday, hitting $37.54. 422,067 shares of the company's stock traded hands, compared to its average volume of 903,766. The company has a market capitalization of $6.64 billion, a P/E ratio of 13.80 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.46 and a current ratio of 3.46. The company has a fifty day moving average of $38.28 and a 200 day moving average of $34.18. Viper Energy has a twelve month low of $24.48 and a twelve month high of $41.22.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th will be given a $0.59 dividend. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 14th. This is a positive change from Viper Energy's previous None dividend of $0.56. Viper Energy's dividend payout ratio is currently 39.71%.

Institutional Trading of Viper Energy

A number of hedge funds have recently added to or reduced their stakes in VNOM. Cannon Global Investment Management LLC purchased a new stake in shares of Viper Energy during the 4th quarter worth about $631,000. Vanguard Group Inc. boosted its position in Viper Energy by 13.4% during the third quarter. Vanguard Group Inc. now owns 600,462 shares of the oil and gas producer's stock worth $16,741,000 after purchasing an additional 70,815 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in Viper Energy by 18.9% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 181,535 shares of the oil and gas producer's stock valued at $5,697,000 after purchasing an additional 28,800 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Viper Energy by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,827,514 shares of the oil and gas producer's stock valued at $50,951,000 after buying an additional 21,977 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Viper Energy during the 3rd quarter worth approximately $1,747,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Company Profile

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.