Viper Energy, Inc. (NASDAQ:VNOM) Receives $51.25 Average Price Target from Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) have been given an average recommendation of "Buy" by the eight research firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.25.

A number of equities research analysts recently weighed in on VNOM shares. Barclays boosted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday. Piper Sandler boosted their target price on Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. StockNews.com downgraded Viper Energy from a "hold" rating to a "sell" rating in a research note on Tuesday. Roth Mkm boosted their price objective on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd.

Institutional Trading of Viper Energy

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Viper Energy by 328.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer's stock worth $26,000 after buying an additional 450 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Viper Energy by 2.0% in the second quarter. Arizona State Retirement System now owns 22,600 shares of the oil and gas producer's stock valued at $848,000 after purchasing an additional 453 shares in the last quarter. Andina Capital Management LLC grew its position in shares of Viper Energy by 3.8% in the third quarter. Andina Capital Management LLC now owns 12,612 shares of the oil and gas producer's stock valued at $569,000 after purchasing an additional 459 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 460 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Viper Energy by 4.5% during the 2nd quarter. Truist Financial Corp now owns 11,230 shares of the oil and gas producer's stock worth $421,000 after purchasing an additional 488 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company's stock.

Viper Energy Stock Down 0.6 %

Shares of VNOM traded down $0.33 during mid-day trading on Friday, reaching $54.45. The company's stock had a trading volume of 824,281 shares, compared to its average volume of 1,092,272. 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 12-month low of $28.55 and a 12-month high of $56.08. The stock has a market cap of $9.63 billion, a PE ratio of 23.37 and a beta of 1.72. The company's 50 day moving average is $48.98 and its 200 day moving average is $43.31.

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 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The firm's 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. Equities analysts anticipate that Viper Energy will post 2.03 EPS for the current fiscal year.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, November 14th. Viper Energy's dividend payout ratio (DPR) 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.