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

Shares of Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $37.58.

Several research firms have recently issued reports on VNOM. Raymond James reduced their target price on Viper Energy from $38.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. StockNews.com lowered Viper Energy from a "buy" rating to a "hold" rating in a report on Tuesday, January 9th. Evercore ISI reissued an "outperform" rating and set a $37.00 target price on shares of Viper Energy in a report on Thursday, December 7th. Finally, Piper Sandler reduced their target price on Viper Energy from $37.00 to $36.00 and set an "overweight" rating on the stock in a report on Wednesday, January 24th.

Viper Energy Stock Performance

VNOM stock traded up $0.60 during trading hours on Friday, hitting $38.46. 1,294,279 shares of the stock were exchanged, compared to its average volume of 1,685,749. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $6.80 billion, a P/E ratio of 14.24 and a beta of 1.79. The company has a 50-day simple moving average of $34.66 and a two-hundred day simple moving average of $31.42. Viper Energy has a 12 month low of $24.48 and a 12 month high of $38.76.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.20. The firm had revenue of $204.70 million for the quarter, compared to analysts' expectations of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. On average, analysts forecast that Viper Energy will post 1.62 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were paid a $0.56 dividend. The ex-dividend date was Monday, March 4th. This is a positive change from Viper Energy's previous None dividend of $0.09. This represents a yield of 3%. Viper Energy's dividend payout ratio (DPR) is 40.00%.

Institutional Trading of Viper Energy

Several large investors have recently bought and sold shares of VNOM. Barclays PLC acquired a new stake in Viper Energy in the first quarter valued at about $31,000. US Bancorp DE boosted its stake in Viper Energy by 40.0% in the fourth quarter. US Bancorp DE now owns 1,400 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in Viper Energy in the first quarter valued at about $56,000. International Assets Investment Management LLC bought a new position in Viper Energy in the third quarter valued at about $57,000. Finally, State of Wyoming bought a new position in Viper Energy in the fourth quarter valued at about $57,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties primarily 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.