Shares of Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) have been assigned a consensus rating of "Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Thirteen research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.31.
A number of analysts recently weighed in on the stock. Mizuho began coverage on shares of Viper Energy in a research note on Monday, March 31st. They issued an "outperform" rating and a $56.00 price objective for the company. Raymond James set a $52.00 price objective on Viper Energy in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on Viper Energy from $49.00 to $47.00 and set an "overweight" rating for the company in a report on Wednesday. Evercore ISI restated an "outperform" rating and set a $49.00 price target on shares of Viper Energy in a research note on Wednesday. Finally, KeyCorp dropped their price target on Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st.
Check Out Our Latest Stock Analysis on VNOM
Institutional Investors Weigh In On Viper Energy
A number of hedge funds have recently modified their holdings of the business. Federated Hermes Inc. increased its position in shares of Viper Energy by 34.6% during the first quarter. Federated Hermes Inc. now owns 9,543 shares of the oil and gas producer's stock valued at $431,000 after acquiring an additional 2,452 shares during the last quarter. Ironsides Asset Advisors LLC purchased a new position in Viper Energy during the 1st quarter worth approximately $378,000. Maridea Wealth Management LLC purchased a new stake in Viper Energy in the first quarter valued at approximately $485,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Viper Energy by 22.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,058 shares of the oil and gas producer's stock valued at $1,673,000 after acquiring an additional 6,707 shares during the period. Finally, HB Wealth Management LLC raised its position in Viper Energy by 8.2% in the 1st quarter. HB Wealth Management LLC now owns 6,405 shares of the oil and gas producer's stock valued at $289,000 after purchasing an additional 484 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.
Viper Energy Price Performance
VNOM traded up $1.09 during trading on Friday, reaching $40.44. 57,038 shares of the company traded hands, compared to its average volume of 1,632,249. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The firm has a fifty day simple moving average of $41.61 and a 200 day simple moving average of $47.49. Viper Energy has a 12-month low of $34.71 and a 12-month high of $56.76. The company has a market cap of $8.62 billion, a P/E ratio of 17.36 and a beta of 1.05.
Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts forecast that Viper Energy will post 2.02 EPS for the current year.
Viper Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, May 15th. Viper Energy's payout ratio is 31.58%.
About Viper Energy
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Get Free ReportViper 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.
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