FY2024 Earnings Estimate for Viper Energy Issued By KeyCorp

Viper Energy, Inc. (NASDAQ:VNOM) – Research analysts at KeyCorp lowered their FY2024 EPS estimates for shares of Viper Energy in a report released on Thursday, December 12th. KeyCorp analyst T. Rezvan now expects that the oil and gas producer will post earnings per share of $2.18 for the year, down from their prior forecast of $2.26. KeyCorp currently has a “Overweight” rating and a $62.00 price target on the stock. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share. KeyCorp also issued estimates for Viper Energy’s Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.59 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.39 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.43 EPS.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. Viper Energy’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share.

Several other analysts have also recently commented on VNOM. Barclays raised their price target on Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Roth Mkm increased their price objective on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. TD Securities boosted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Raymond James raised their price objective on shares of Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Viper Energy presently has an average rating of “Moderate Buy” and an average price target of $58.27.

Viper Energy Stock Performance

Shares of VNOM opened at $51.16 on Monday. The stock has a market capitalization of $9.64 billion, a P/E ratio of 21.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy has a 1 year low of $30.21 and a 1 year high of $56.76. The company’s fifty day moving average is $52.45 and its two-hundred day moving average is $46.09.

Hedge Funds Weigh In On Viper Energy

A number of hedge funds have recently made changes to their positions in VNOM. Retirement Systems of Alabama acquired a new position in shares of Viper Energy in the 3rd quarter valued at about $12,980,000. Franklin Resources Inc. purchased a new position in Viper Energy in the third quarter valued at approximately $3,037,000. Fulcrum Equity Management lifted its position in Viper Energy by 4.1% during the third quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 375 shares in the last quarter. Virtu Financial LLC purchased a new stake in Viper Energy during the third quarter worth approximately $233,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Viper Energy in the third quarter worth $1,018,000. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. Viper Energy’s payout ratio is currently 51.50%.

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.