Q4 Earnings Forecast for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Investment analysts at Roth Capital lowered their Q4 2024 EPS estimates for Viper Energy in a research note issued on Tuesday, November 5th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.27. The consensus estimate for Viper Energy’s current full-year earnings is $2.03 per share.

Other analysts also recently issued research reports about the stock. Barclays raised their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. TD Securities lifted 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. Roth Mkm increased their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, Truist Financial increased their price target on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.25.

Viper Energy Trading Down 1.2 %

Shares of VNOM stock opened at $54.78 on Wednesday. Viper Energy has a fifty-two week low of $28.55 and a fifty-two week high of $56.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The stock has a 50 day simple moving average of $48.84 and a two-hundred day simple moving average of $43.21. The company has a market cap of $9.69 billion, a P/E ratio of 23.51 and a beta of 1.72.

Viper Energy (NASDAQ:VNOM) last issued its quarterly 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 firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The business’s revenue was down 28.5% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 450 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Viper Energy by 208.1% during 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 in the last quarter. International Assets Investment Management LLC purchased a new position in Viper Energy during the second quarter worth about $36,000. ORG Partners LLC boosted its holdings in Viper Energy by 962.3% during the second quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,550 shares during the last quarter. Finally, Plato Investment Management Ltd increased its stake in Viper Energy by 119.2% in the 2nd 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. Institutional investors own 87.72% of the company’s stock.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

About Viper Energy

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.