Q4 EPS Estimates for Viper Energy Decreased by Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Equities research analysts at Roth Capital lowered their Q4 2024 EPS estimates for Viper Energy in a report released on Tuesday, January 28th. Roth Capital analyst L. Mariani now expects that the oil and gas producer will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.25. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share.

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 (EPS) 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 analyst estimates of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. Viper Energy’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS.

A number of other brokerages have also commented on VNOM. Piper Sandler reduced their target price on shares of Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Roth Mkm upped their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target on the stock. Raymond James lifted their price objective on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Barclays boosted their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Viper Energy Stock Up 1.0 %

Shares of VNOM opened at $46.84 on Wednesday. The firm has a fifty day moving average price of $50.67 and a 200-day moving average price of $48.62. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.83 billion, a P/E ratio of 20.10 and a beta of 1.73. Viper Energy has a 12-month low of $30.56 and a 12-month high of $56.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its holdings in Viper Energy by 14.0% in the second quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after acquiring an additional 2,962 shares in the last quarter. Sei Investments Co. raised its position in shares of Viper Energy by 25.3% in the 2nd quarter. Sei Investments Co. now owns 56,765 shares of the oil and gas producer’s stock valued at $2,130,000 after purchasing an additional 11,457 shares during the last quarter. Xponance Inc. purchased a new position in shares of Viper Energy in the 2nd quarter valued at approximately $225,000. The Manufacturers Life Insurance Company boosted its stake in Viper Energy by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock worth $507,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Scientech Research LLC purchased a new stake in Viper Energy during the 2nd quarter worth approximately $239,000. 87.72% of the stock is owned by institutional investors and hedge funds.

Viper Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

About Viper Energy

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.