Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Analysts at Capital One Financial decreased their Q3 2024 earnings per share estimates for shares of Viper Energy in a research report issued on Tuesday, September 24th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $0.48 per share for the quarter, down from their prior forecast of $0.54. The consensus estimate for Viper Energy's current full-year earnings is $2.03 per share. Capital One Financial also issued estimates for Viper Energy's FY2024 earnings at $2.12 EPS.
Other research analysts also recently issued research reports about the company. Truist Financial increased their price target on Viper Energy from $54.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. TD Securities increased their target price on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, September 12th. Barclays increased their target price on Viper Energy from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Piper Sandler raised their price objective on Viper Energy from $44.00 to $57.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Finally, Evercore ISI raised their price objective on Viper Energy from $37.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, July 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $48.17.
View Our Latest Stock Analysis on Viper Energy
Viper Energy Trading Down 6.5 %
Shares of VNOM stock traded down $3.07 during trading hours on Thursday, reaching $44.00. The company had a trading volume of 2,051,473 shares, compared to its average volume of 1,105,093. The company has a 50 day moving average of $45.05 and a 200 day moving average of $40.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 16.16 and a beta of 1.73. Viper Energy has a 1-year low of $26.73 and a 1-year high of $49.37.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. During the same quarter in the prior year, the business earned $0.47 EPS. The business's revenue for the quarter was up 34.8% compared to the same quarter last year.
Institutional Investors Weigh In On Viper Energy
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Viper Energy by 1,045.4% during the fourth quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer's stock worth $215,825,000 after acquiring an additional 6,277,324 shares during the last quarter. Wellington Management Group LLP increased its stake in Viper Energy by 20.0% in the fourth quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer's stock valued at $423,344,000 after acquiring an additional 2,246,219 shares during the last quarter. Scout Investments Inc. bought a new position in Viper Energy in the fourth quarter valued at approximately $40,808,000. Epoch Investment Partners Inc. increased its stake in Viper Energy by 91.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer's stock valued at $78,616,000 after acquiring an additional 1,197,567 shares during the last quarter. Finally, Capital World Investors increased its stake in Viper Energy by 16.8% in the first quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer's stock valued at $246,566,000 after acquiring an additional 923,276 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.
Viper Energy Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.73%. Viper Energy's dividend payout ratio (DPR) is currently 44.12%.
About Viper Energy
(
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Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.
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