Analysts Set Viper Energy, Inc. (NASDAQ:VNOM) PT at $51.25

Viper Energy, Inc. (NASDAQ:VNOM) has received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $51.25.

VNOM has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. 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 note on Tuesday, November 5th. TD Securities raised their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Truist Financial raised their price objective on shares of Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th.

Viper Energy Stock Down 0.7 %

VNOM stock opened at $52.48 on Friday. Viper Energy has a 12 month low of $28.55 and a 12 month high of $56.08. The firm has a market cap of $9.28 billion, a PE ratio of 22.61 and a beta of 1.72. The firm has a 50 day simple moving average of $49.23 and a 200 day simple moving average of $43.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $210.54 million. During the same period in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was down 28.5% on a year-over-year basis. Equities research analysts forecast that Viper Energy will post 2.07 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently modified their holdings of the stock. Bridgewater Associates LP bought a new position in shares of Viper Energy during the 3rd quarter valued at $5,697,000. BNP Paribas Financial Markets raised its holdings in shares of Viper Energy by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 99,781 shares of the oil and gas producer’s stock valued at $4,501,000 after purchasing an additional 4,808 shares in the last quarter. FMR LLC raised its holdings in shares of Viper Energy by 4,836.9% during the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 73,085 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Viper Energy by 30.8% during the 3rd quarter. Quantbot Technologies LP now owns 50,864 shares of the oil and gas producer’s stock valued at $2,294,000 after purchasing an additional 11,985 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Viper Energy by 424.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,778 shares of the oil and gas producer’s stock valued at $3,193,000 after purchasing an additional 57,281 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

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.