Viper Energy, Inc. (NASDAQ:VNOM) Receives Consensus Rating of "Buy" from Brokerages

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) has been given an average rating of "Buy" by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $57.20.

VNOM has been the topic of a number of recent research reports. Barclays upped their target price on Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. TD Securities increased their price target on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Piper Sandler increased their price target on Viper Energy from $61.00 to $64.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Finally, StockNews.com lowered Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, November 5th.

Viper Energy Stock Performance

NASDAQ VNOM traded down $2.68 on Wednesday, hitting $51.69. 490,526 shares of the company's stock were exchanged, compared to its average volume of 1,067,313. 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 firm's 50-day moving average price is $51.72 and its two-hundred day moving average price is $45.25. Viper Energy has a fifty-two week low of $29.03 and a fifty-two week high of $56.76. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 23.33 and a beta of 1.71.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business 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 6.72% and a net margin of 24.65%. The company's revenue was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. On average, research analysts expect that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. Viper Energy's payout ratio is 51.50%.

Hedge Funds Weigh In On Viper Energy

A number of large investors have recently bought and sold shares of VNOM. Farther Finance Advisors LLC increased its stake in shares of 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 acquiring an additional 450 shares during the period. GAMMA Investing LLC boosted its stake 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 buying an additional 460 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Viper Energy during the 2nd quarter valued at $36,000. National Bank of Canada FI lifted its stake in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock valued at $63,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its stake in shares of 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 valued at $106,000 after purchasing an additional 1,541 shares during the last quarter. Institutional investors own 87.72% of the company's stock.

About Viper Energy

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.