Viper Energy, Inc. to Post FY2024 Earnings of $2.14 Per Share, Capital One Financial Forecasts (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Analysts at Capital One Financial dropped their FY2024 EPS estimates for Viper Energy in a research report issued on Tuesday, May 21st. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $2.14 per share for the year, down from their previous forecast of $2.16. The consensus estimate for Viper Energy's current full-year earnings is $1.86 per share.

Several other analysts also recently issued reports on the stock. TD Securities upped their price target on shares of Viper Energy from $40.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Truist Financial upped their price target on shares of Viper Energy from $52.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Barclays assumed coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an "overweight" rating and a $44.00 price target on the stock. Raymond James cut 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 report on Wednesday, January 24th. Finally, Piper Sandler boosted their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.29.

Viper Energy Price Performance

Shares of NASDAQ VNOM traded down $0.11 on Thursday, hitting $37.43. The company's stock had a trading volume of 500,374 shares, compared to its average volume of 899,732. Viper Energy has a 12-month low of $24.48 and a 12-month high of $41.22. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 13.76 and a beta of 1.78. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The stock has a 50 day moving average of $38.31 and a 200-day moving average of $34.20.

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

Viper Energy Increases Dividend

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

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position in shares of Viper Energy by 22.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer's stock worth $95,000 after acquiring an additional 547 shares in the last quarter. ORG Partners LLC increased its position in shares of Viper Energy by 26.7% in the fourth quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer's stock worth $101,000 after acquiring an additional 680 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Viper Energy by 6.2% in the third quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer's stock worth $329,000 after acquiring an additional 691 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Viper Energy by 4.4% in the fourth quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer's stock valued at $605,000 after purchasing an additional 812 shares during the period. Finally, Adalta Capital Management LLC boosted its stake in shares of Viper Energy by 13.9% in the first quarter. Adalta Capital Management LLC now owns 7,405 shares of the oil and gas producer's stock valued at $285,000 after purchasing an additional 905 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.