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

Viper Energy, Inc. (NASDAQ:VNOM) has earned a consensus rating of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Thirteen equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $56.31.

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. KeyCorp dropped their target price on shares of Viper Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Barclays reduced their target price on Viper Energy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Truist Financial dropped their price target on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, The Goldman Sachs Group set a $72.00 price objective on Viper Energy in a research note on Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VNOM. Vanguard Group Inc. boosted its holdings in shares of Viper Energy by 28.9% in the first quarter. Vanguard Group Inc. now owns 13,016,792 shares of the oil and gas producer’s stock worth $587,708,000 after acquiring an additional 2,921,832 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Viper Energy in the fourth quarter worth about $95,505,000. Freestone Grove Partners LP purchased a new stake in Viper Energy in the 4th quarter worth approximately $19,469,000. T. Rowe Price Investment Management Inc. boosted its holdings in Viper Energy by 20.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,309,425 shares of the oil and gas producer’s stock valued at $113,324,000 after purchasing an additional 389,473 shares during the period. Finally, Invesco Ltd. grew its position in shares of Viper Energy by 164.3% during the 4th quarter. Invesco Ltd. now owns 576,637 shares of the oil and gas producer’s stock valued at $28,296,000 after purchasing an additional 358,487 shares in the last quarter. 87.72% of the stock is owned by institutional investors.

Viper Energy Stock Down 0.8 %

Shares of NASDAQ VNOM opened at $40.56 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The company has a 50-day moving average price of $41.44 and a 200-day moving average price of $47.33. The stock has a market capitalization of $8.64 billion, a P/E ratio of 17.41 and a beta of 1.05. Viper Energy has a 1 year low of $34.71 and a 1 year high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 EPS for the quarter, topping 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 period in the previous year, the company posted $0.49 EPS. On average, equities research analysts forecast that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. Viper Energy’s payout ratio is 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.