Roth Mkm Increases Viper Energy (NASDAQ:VNOM) Price Target to $53.00

Viper Energy (NASDAQ:VNOM) had its price target lifted by Roth Mkm from $46.00 to $53.00 in a report published on Wednesday, Benzinga reports. Roth Mkm currently has a buy rating on the oil and gas producer’s stock.

VNOM has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their target price on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Piper Sandler lifted their target price on Viper Energy from $57.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial decreased their target price on Viper Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Evercore ISI lifted their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. Finally, TD Securities lifted their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and an average target price of $48.63.

Viper Energy Trading Down 1.2 %

Shares of NASDAQ:VNOM opened at $51.29 on Wednesday. Viper Energy has a 52-week low of $27.61 and a 52-week high of $52.32. The company has a market cap of $9.07 billion, a P/E ratio of 17.57 and a beta of 1.73. The stock’s 50-day moving average is $47.36 and its 200-day moving average is $41.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business had revenue of $216.71 million for the quarter, compared to the consensus estimate of $216.28 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. Equities research analysts predict that Viper Energy will post 1.98 earnings per share for the current year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is currently 41.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VNOM. GAMMA Investing LLC raised its stake 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 acquiring an additional 460 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Viper Energy in the second quarter valued at approximately $36,000. Plato Investment Management Ltd raised its stake in shares of 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 acquiring an additional 1,541 shares during the last quarter. ORG Partners LLC raised its stake in shares of Viper Energy by 962.3% in the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Viper Energy by 94.4% in the first quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after acquiring an additional 2,019 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

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.