Shares of Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) saw strong trading volume on Friday . 3,090,646 shares traded hands during trading, an increase of 223% from the previous session's volume of 957,240 shares.The stock last traded at $47.07 and had previously closed at $46.24.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Roth Mkm boosted their price objective on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Bank of America started coverage on Viper Energy in a research report on Tuesday, November 26th. They set a "buy" rating and a $64.00 target price on the stock. KeyCorp raised shares of Viper Energy from a "sector weight" rating to an "overweight" rating and set a $62.00 price target for the company in a research report on Friday, December 13th. Finally, The Goldman Sachs Group began coverage on shares of Viper Energy in a report on Monday, December 2nd. They set a "buy" rating and a $70.00 price objective for the company. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.55.
View Our Latest Stock Analysis on VNOM
Viper Energy Stock Up 1.8 %
The stock has a 50 day moving average price of $50.04 and a 200 day moving average price of $48.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The company has a market capitalization of $9.18 billion, a P/E ratio of 20.90 and a beta of 1.71.
Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The business had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. The company's revenue for the quarter was down 28.5% on a year-over-year basis. Equities research analysts forecast that Viper Energy, Inc. will post 2.02 earnings per share for the current fiscal year.
Viper Energy Announces Dividend
The firm 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 dividend on an annualized basis and a dividend yield of 2.46%. Viper Energy's dividend payout ratio (DPR) is presently 51.50%.
Hedge Funds Weigh In On Viper Energy
Several institutional investors have recently modified their holdings of VNOM. FMR LLC boosted its holdings in shares of Viper Energy by 4,836.9% during the third quarter. FMR LLC now owns 74,596 shares of the oil and gas producer's stock worth $3,365,000 after purchasing an additional 73,085 shares during the period. New York State Teachers Retirement System purchased a new position in shares of Viper Energy during the third quarter valued at approximately $984,000. Geode Capital Management LLC raised its holdings in shares of Viper Energy by 16.0% during the third quarter. Geode Capital Management LLC now owns 1,698,661 shares of the oil and gas producer's stock valued at $76,647,000 after acquiring an additional 234,048 shares in the last quarter. Summit Global Investments purchased a new stake in Viper Energy in the third quarter worth $706,000. Finally, Retirement Systems of Alabama bought a new stake in Viper Energy in the third quarter valued at $12,980,000. 87.72% of the stock is currently owned by institutional investors.
Viper Energy Company Profile
(
Get Free Report)
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.
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