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

Shares of Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) have been assigned a consensus rating of "Buy" from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $55.15.

Several equities research analysts have recently weighed in on the company. KeyCorp reduced their price target on Viper Energy from $62.00 to $56.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Evercore ISI reaffirmed an "outperform" rating and issued a $49.00 price objective on shares of Viper Energy in a research report on Wednesday, May 7th. Wall Street Zen downgraded Viper Energy from a "hold" rating to a "sell" rating in a research report on Friday. Piper Sandler lowered their target price 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. Finally, Mizuho reduced their price target on shares of Viper Energy from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th.

Institutional Trading of Viper Energy

Hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Viper Energy in the 1st quarter worth $1,623,000. WBI Investments LLC purchased a new position in Viper Energy in the first quarter valued at about $2,531,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Viper Energy by 22.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,499 shares of the oil and gas producer's stock worth $9,233,000 after purchasing an additional 37,847 shares in the last quarter. Woodline Partners LP lifted its position in shares of Viper Energy by 37.4% during the first quarter. Woodline Partners LP now owns 1,980,786 shares of the oil and gas producer's stock valued at $89,432,000 after buying an additional 539,517 shares during the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of Viper Energy during the first quarter valued at about $23,654,000. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Trading Down 1.2%

NASDAQ VNOM traded down $0.50 on Wednesday, hitting $39.57. 960,347 shares of the stock were exchanged, compared to its average volume of 1,317,617. Viper Energy has a 52-week low of $34.71 and a 52-week high of $56.76. The firm has a market capitalization of $8.43 billion, a P/E ratio of 16.98 and a beta of 1.05. 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 stock has a fifty day moving average price of $40.75 and a two-hundred day moving average price of $46.10.

Viper Energy (NASDAQ:VNOM - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, beating the consensus estimate of $0.45 by $0.09. The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same period in the prior year, the firm posted $0.49 EPS. Research analysts forecast that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy's payout ratio is 31.58%.

About Viper Energy

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.