Viper Energy FY2024 EPS Estimate Decreased by Zacks Research

Viper Energy, Inc. (NASDAQ:VNOM - Free Report) - Equities research analysts at Zacks Research reduced their FY2024 earnings per share estimates for shares of Viper Energy in a report issued on Tuesday, January 7th. Zacks Research analyst R. Department now expects that the oil and gas producer will post earnings of $1.94 per share for the year, down from their prior estimate of $1.95. The consensus estimate for Viper Energy's current full-year earnings is $2.01 per share.

Several other research analysts have also issued reports on the company. TD Securities boosted their target price on Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, September 12th. StockNews.com cut Viper Energy from a "hold" rating to a "sell" rating in a report on Tuesday, November 5th. Piper Sandler reduced their target price on Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on shares of Viper Energy from $43.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Bank of America initiated coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.36.

Viper Energy Trading Down 1.1 %

NASDAQ:VNOM traded down $0.55 during mid-day trading on Friday, hitting $49.65. 1,000,255 shares of the stock traded hands, compared to its average volume of 754,126. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 52 week low of $30.21 and a 52 week high of $56.76. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 21.31 and a beta of 1.73. The firm's 50 day moving average is $51.52 and its two-hundred day moving average is $47.58.

Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating 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 net margin of 24.65% and a return on equity of 6.72%. The business's revenue was down 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.10 earnings per share.

Institutional Investors Weigh In On Viper Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position 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 worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC grew its stake in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer's stock worth $31,000 after buying an additional 460 shares during the last quarter. National Bank of Canada FI grew its stake in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer's stock worth $63,000 after buying an additional 1,165 shares during the last quarter. Versant Capital Management Inc acquired a new position in Viper Energy during the 4th quarter valued at about $94,000. Finally, Plato Investment Management Ltd raised its stake in Viper Energy by 119.2% in the second quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer's stock valued at $106,000 after buying an additional 1,541 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company's stock.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Thursday, November 14th. Viper Energy's payout ratio is currently 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.