Viper Energy Inc. (NASDAQ:VNOM) Receives $55.53 Consensus PT from Brokerages

Shares of Viper Energy Inc. (NASDAQ:VNOM) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.2667.

A number of analysts have commented on the stock. KeyCorp cut their price target on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 3rd. Piper Sandler upped their price objective on shares of Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Roth Capital set a $50.00 price objective on shares of Viper Energy and gave the company a “buy” rating in a report on Tuesday, August 26th. Mizuho dropped their price objective on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, August 14th.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently made changes to their positions in VNOM. Swiss National Bank raised its holdings in shares of Viper Energy by 22.1% in the 1st quarter. Swiss National Bank now owns 247,177 shares of the oil and gas producer’s stock worth $11,160,000 after acquiring an additional 44,700 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Viper Energy by 27.6% in the 1st quarter. Principal Financial Group Inc. now owns 302,575 shares of the oil and gas producer’s stock worth $13,661,000 after acquiring an additional 65,375 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Viper Energy by 21.3% in the 1st quarter. Amalgamated Bank now owns 59,901 shares of the oil and gas producer’s stock worth $2,705,000 after acquiring an additional 10,529 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Viper Energy by 21.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,552,974 shares of the oil and gas producer’s stock worth $70,117,000 after acquiring an additional 271,337 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Viper Energy by 28.7% in the 1st quarter. State of Michigan Retirement System now owns 31,400 shares of the oil and gas producer’s stock worth $1,418,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of VNOM opened at $38.90 on Tuesday. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $11.22 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 17.43 and a beta of 0.92. The firm’s fifty day simple moving average is $38.32 and its two-hundred day simple moving average is $39.49. Viper Energy has a 12 month low of $34.71 and a 12 month high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, August 4th. The oil and gas producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $297.00 million for the quarter, compared to analysts’ expectations of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, analysts predict that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.12 annualized dividend and a dividend yield of 5.4%. Viper Energy’s dividend payout ratio is currently 38.15%.

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.