Viper Energy Q4 EPS Forecast Lifted by Capital One Financial

Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Equities researchers at Capital One Financial raised their Q4 2024 earnings per share estimates for Viper Energy in a note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.46 per share for the quarter, up from their previous forecast of $0.45. The consensus estimate for Viper Energy's current full-year earnings is $2.01 per share. Capital One Financial also issued estimates for Viper Energy's Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $0.60 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.66 EPS and FY2025 earnings at $2.77 EPS.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm's quarterly revenue was down 28.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 earnings per share.

Other equities analysts also recently issued reports about the stock. Evercore ISI lifted their target price on shares of Viper Energy from $45.00 to $58.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price objective on the stock in a research note on Friday, December 13th. StockNews.com lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th. Barclays raised their price target on shares of Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Bank of America initiated coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They set a "buy" rating and a $64.00 price objective on the stock. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.00.

Viper Energy Trading Up 2.3 %

Shares of VNOM stock traded up $1.16 during trading hours on Monday, reaching $50.81. 1,083,174 shares of the stock were exchanged, compared to its average volume of 801,125. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 21.81 and a beta of 1.73. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 12-month low of $30.21 and a 12-month high of $56.76. The company's 50-day moving average price is $51.52 and its 200-day moving average price is $47.73.

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Viper Energy by 78.2% in the 3rd quarter. State Street Corp now owns 3,833,257 shares of the oil and gas producer's stock worth $172,918,000 after acquiring an additional 1,682,183 shares in the last quarter. Yaupon Capital Management LP bought a new stake in shares of Viper Energy in the 3rd quarter worth about $18,044,000. Retirement Systems of Alabama bought a new stake in shares of Viper Energy in the 3rd quarter worth about $12,980,000. Zimmer Partners LP lifted its holdings in Viper Energy by 344.0% during the 3rd quarter. Zimmer Partners LP now owns 325,000 shares of the oil and gas producer's stock valued at $14,661,000 after buying an additional 251,800 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Viper Energy by 16.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock worth $76,647,000 after buying an additional 234,048 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.36%. Viper Energy's payout ratio is currently 51.50%.

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.