Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Rating of "Buy" from Analysts

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) has earned an average rating of "Buy" from the seven analysts that are covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is $40.50.

Several equities analysts have recently commented on VNOM shares. Raymond James lowered 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 note on Wednesday, January 24th. Piper Sandler upped their price objective on shares of Viper Energy from $36.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday. StockNews.com downgraded shares of Viper Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th. Barclays started coverage on shares of Viper Energy in a research note on Wednesday, April 10th. They set an "overweight" rating and a $44.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Viper Energy from $47.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, April 5th.

Viper Energy Trading Up 2.1 %

Viper Energy stock traded up $0.84 during mid-day trading on Tuesday, hitting $39.98. The company's stock had a trading volume of 692,830 shares, compared to its average volume of 960,693. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 14.81 and a beta of 1.79. The business has a 50 day moving average price of $37.35 and a 200-day moving average price of $32.82. Viper Energy has a 12 month low of $24.48 and a 12 month high of $41.22.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Viper Energy will post 1.52 EPS for the current year.

Viper Energy Increases Dividend

The business also recently declared a None dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a dividend yield of 3%. This is a boost from Viper Energy's previous None dividend of $0.09. Viper Energy's payout ratio is currently 40.00%.

Institutional Investors Weigh In On Viper Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in 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 purchasing an additional 547 shares during the period. ORG Partners LLC grew its holdings in 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 purchasing an additional 680 shares during the period. Alps Advisors Inc. grew its holdings in 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 purchasing an additional 691 shares during the period. Arizona State Retirement System lifted 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 worth $605,000 after buying an additional 812 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in shares of Viper Energy by 14.3% in the fourth quarter. Apollon Wealth Management LLC now owns 9,376 shares of the oil and gas producer's stock worth $294,000 after buying an additional 1,176 shares in the last quarter. Hedge funds and other institutional investors 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.