Q4 Earnings Forecast for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Equities research analysts at Roth Capital dropped their Q4 2024 earnings per share estimates for shares of Viper Energy in a research note issued on Tuesday, November 5th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.25 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for Viper Energy's current full-year earnings is $2.03 per share.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $209.59 million for the quarter, compared to analysts' expectations of $210.54 million. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The company's quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share.

VNOM has been the topic of several other research reports. Truist Financial upped their target price on shares of Viper Energy from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler upped their price objective on Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Barclays lifted their target price on Viper Energy from $52.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday. Roth Mkm upped their price target on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, TD Securities lifted their price objective on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.25.

Viper Energy Stock Up 5.3 %

Viper Energy stock traded up $2.79 during mid-day trading on Wednesday, reaching $55.42. The stock had a trading volume of 1,251,041 shares, compared to its average volume of 1,094,213. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 23.79 and a beta of 1.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. Viper Energy has a one year low of $27.61 and a one year high of $56.08. The company has a 50-day moving average price of $48.71 and a two-hundred day moving average price of $43.13.

Hedge Funds Weigh In On Viper Energy

Institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its holdings in Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock valued at $26,000 after buying an additional 450 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after acquiring an additional 460 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy in the 2nd quarter worth $36,000. Plato Investment Management Ltd raised its holdings in Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer's stock worth $106,000 after purchasing an additional 1,541 shares during the period. Finally, ORG Partners LLC lifted its position in Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer's stock valued at $107,000 after purchasing an additional 2,550 shares in the last quarter. Institutional investors own 87.72% of the company's stock.

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.17%. Viper Energy's payout ratio is 51.50%.

Viper Energy Company Profile

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.