Viper Energy Inc. (NASDAQ:VNOM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Viper Energy, with 17 buy ratings and two holds among 19 analysts. The average 12-month price target is $56.93, above the stock’s reported $45.03 price.
• Viper Energy’s latest quarterly results met expectations, with EPS of $0.76 and revenue of $677 million, up 127.9% year over year and above the $643.45 million analyst estimate.
• The company paid a recently announced $0.29 special dividend to eligible shareholders, while institutional investors and hedge funds own 87.72% of the outstanding stock.

Shares of Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nineteen analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $56.9333.

Several research analysts have recently issued reports on the company. Wall Street Zen cut Viper Energy from a "buy" rating to a "hold" rating in a research note on Saturday, July 4th. Truist Financial cut their price objective on shares of Viper Energy from $58.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. TD upped their price objective on shares of Viper Energy from $58.00 to $59.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Wells Fargo & Company increased their target price on shares of Viper Energy from $60.00 to $61.00 and gave the company an "overweight" rating in a research report on Friday, May 15th. Finally, Morgan Stanley lowered their target price on shares of Viper Energy from $49.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, June 29th.

Institutional Investors Weigh In On Viper Energy

Institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of Viper Energy during the 4th quarter valued at $27,000. Parallel Advisors LLC lifted its holdings in shares of Viper Energy by 68.3% in the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer's stock valued at $54,000 after buying an additional 568 shares during the period. UMB Bank n.a. acquired a new stake in shares of Viper Energy in the fourth quarter valued at $64,000. Clearstead Advisors LLC boosted its stake in Viper Energy by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer's stock valued at $75,000 after buying an additional 654 shares in the last quarter. Finally, Strive Financial Group LLC bought a new position in Viper Energy during the fourth quarter valued at about $97,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Stock Performance

VNOM opened at $45.03 on Friday. The business's 50 day moving average is $42.99 and its 200-day moving average is $44.91. The stock has a market cap of $16.17 billion, a PE ratio of 346.41 and a beta of 0.40. The company has a current ratio of 6.37, a quick ratio of 6.37 and a debt-to-equity ratio of 0.16. Viper Energy has a twelve month low of $35.10 and a twelve month high of $51.13.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.76. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%.The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $643.45 million. During the same period in the prior year, the company posted $0.41 EPS. The business's revenue for the quarter was up 127.9% compared to the same quarter last year. On average, analysts predict that Viper Energy will post 2.58 earnings per share for the current year.

Viper Energy Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a $0.29 dividend. The ex-dividend date was Thursday, August 13th. This represents a dividend yield of 281.0%. Viper Energy's dividend payout ratio (DPR) is 1,169.23%.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership's assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.

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