Viper Energy (NASDAQ:VNOM) Share Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• Shares slipped below the 200-day moving average of $44.36, trading as low as $44.11 and last at $44.17; the stock was down 3.4% despite positive company news.
• Viper Energy beat third-quarter estimates, reporting EPS of $0.72 versus $0.69 expected and revenue of $661 million, up 58.1% year over year.
• The company declared a quarterly dividend of $0.50 per share ($2.00 annualized). Analysts’ consensus rating is “Moderate Buy,” with an average price target of $56.35.

Shares of Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $44.36 and traded as low as $44.11. Viper Energy shares last traded at $44.17, with a volume of 3,029,814 shares traded.

Key Headlines Impacting Viper Energy

Here are the key news stories impacting Viper Energy this week:

• Positive Sentiment: Third-quarter earnings beat expectations: Viper reported $0.72 per share versus the $0.69 consensus, while revenue of $661 million exceeded estimates of about $625 million and increased 58.1% year over year. The company also swung to a profit, with operating income rising. Third-quarter results
• Positive Sentiment: Viper declared a $0.50-per-share quarterly dividend, equivalent to $2.00 annualized and a stated yield of 4.4%. The dividend may support investor appeal for income. Dividend announcement
• Neutral Sentiment: The company provided fourth-quarter 2026 operating guidance and updated its full-year outlook. The supplied report does not include the guidance figures, so its implications for production or investor expectations are unclear. Operating guidance
• Negative Sentiment: Despite the earnings beat and dividend, VNOM has been trading lower. The articles provided do not point to a specific adverse development explaining the weakness, so market or sector factors may be contributing.

Analysts Set New Price Targets

Several research firms recently weighed in on VNOM. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Viper Energy in a research note on Thursday, October 15th. Citigroup lowered their target price on Viper Energy from $57.00 to $52.00 and set a "buy" rating for the company in a research note on Friday, October 9th. Morgan Stanley increased their target price on shares of Viper Energy from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. Truist Financial increased their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, October 14th. Finally, Zacks Research upgraded shares of Viper Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.35.

Viper Energy Stock Down 3.4%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.37 and a current ratio of 6.37. The stock has a market capitalization of $15.87 billion, a P/E ratio of 32.24 and a beta of 0.49. The stock's fifty day simple moving average is $43.84 and its two-hundred day simple moving average is $44.36.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.03. The firm had revenue of $661.00 million during the quarter, compared to the consensus estimate of $625.18 million. Viper Energy had a net margin of 12.08% and a return on equity of 4.26%. The company's revenue for the quarter was up 58.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, research analysts expect that Viper Energy Inc. will post 2.83 EPS for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.5%. Viper Energy's payout ratio is currently 110.95%.

Institutional Trading of Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC bought a new position in shares of Viper Energy in the 1st quarter worth $37,464,000. Ashford Capital Management Inc. acquired a new stake in Viper Energy in the 1st quarter valued at $16,103,000. Recurrent Investment Advisors LLC grew its position in Viper Energy by 36.9% in the 1st quarter. Recurrent Investment Advisors LLC now owns 989,318 shares of the oil and gas producer's stock valued at $46,488,000 after purchasing an additional 266,703 shares during the period. Assenagon Asset Management S.A. bought a new stake in Viper Energy during the 2nd quarter valued at $10,792,000. Finally, Ninepoint Partners LP bought a new stake in Viper Energy during the 2nd quarter valued at $10,600,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Company Profile

Viper Energy, Inc NASDAQ: VNOM owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company's interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.

Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.