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

Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) has earned an average recommendation of "Buy" from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $57.00.

VNOM has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a report on Saturday. Bank of America decreased their target price on shares of Viper Energy from $53.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Piper Sandler lowered their price target on shares of Viper Energy from $62.00 to $61.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. TD Securities raised their price objective on Viper Energy from $57.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $60.00 price objective (up previously from $54.00) on shares of Viper Energy in a report on Thursday, June 5th.

Institutional Trading of Viper Energy

Large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Viper Energy in the 4th quarter worth about $32,000. Assetmark Inc. lifted its holdings in Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer's stock worth $33,000 after buying an additional 518 shares during the period. UMB Bank n.a. lifted its holdings in Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer's stock worth $33,000 after buying an additional 414 shares during the period. First Horizon Advisors Inc. boosted its position in Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer's stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Viper Energy during the 1st quarter worth approximately $34,000. Institutional investors own 87.72% of the company's stock.

Viper Energy Price Performance

Shares of NASDAQ VNOM traded down $0.49 during mid-day trading on Friday, reaching $38.10. 1,553,932 shares of the company were exchanged, compared to its average volume of 1,380,171. The company's 50 day moving average price is $40.85 and its 200 day moving average price is $44.57. Viper Energy has a 52 week low of $34.71 and a 52 week high of $56.76. The company has a quick ratio of 8.70, a current ratio of 8.70 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $10.99 billion, a PE ratio of 10.03, a PEG ratio of 18.51 and a beta of 1.00.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.09. The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a return on equity of 5.41% and a net margin of 43.43%. During the same quarter in the previous year, the company posted $0.49 EPS. Sell-side analysts forecast that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.15%. Viper Energy's dividend payout ratio is presently 31.58%.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.