Viper Energy, Inc. (NASDAQ:VNOM) Given Consensus Recommendation of "Buy" by Brokerages

Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) has earned a consensus recommendation of "Buy" from the eleven analysts that are presently covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $58.18.

A number of equities analysts have weighed in on the company. Bank of America started coverage on Viper Energy in a research note on Tuesday, November 26th. They set a "buy" rating and a $64.00 price objective on the stock. Truist Financial boosted their price target on shares of Viper Energy from $57.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Piper Sandler cut their price objective on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Roth Mkm boosted their target price on shares of 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 increased their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, September 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings 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 valued at $26,000 after buying an additional 450 shares during the period. GAMMA Investing LLC grew its position in Viper Energy by 208.1% in 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 in the last quarter. International Assets Investment Management LLC purchased a new stake in Viper Energy during the second quarter worth about $36,000. National Bank of Canada FI lifted its position in shares of Viper Energy by 524.8% during the third quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its position in shares of Viper Energy by 119.2% during the second 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 in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

VNOM traded down $0.16 on Friday, reaching $48.05. 648,900 shares of the company's stock were exchanged, compared to its average volume of 1,059,380. Viper Energy has a twelve month low of $30.21 and a twelve month high of $56.76. The stock has a market cap of $9.05 billion, a PE ratio of 20.62 and a beta of 1.71. 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 stock's fifty day moving average price is $51.94 and its 200-day moving average price is $46.80.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its 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 analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business's revenue was down 28.5% on a year-over-year basis. During the same period last year, the company posted $1.10 EPS. Sell-side analysts expect that Viper Energy will post 2.01 EPS for the current year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, November 14th. Viper Energy's payout ratio is 51.50%.

Viper Energy Company Profile

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.