Viper Energy, Inc. (NASDAQ:VNOM) Receives $41.29 Average Target Price from Analysts

Viper Energy, Inc. (NASDAQ:VNOM) has been assigned an average rating of “Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $41.29.

A number of analysts have recently weighed in on VNOM shares. TD Securities upped their target price on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler upped their target price on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Barclays started coverage on Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price for the company. Finally, Truist Financial upped their target price on Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd.

Hedge Funds Weigh In On Viper Energy

A number of institutional investors and hedge funds have recently bought and sold shares of VNOM. Chilton Capital Management LLC acquired a new position in Viper Energy in the 4th quarter worth about $63,000. Parkside Financial Bank & Trust increased its holdings in Viper Energy by 22.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock worth $95,000 after purchasing an additional 547 shares in the last quarter. ORG Partners LLC increased its holdings in Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock worth $101,000 after purchasing an additional 680 shares in the last quarter. Adalta Capital Management LLC acquired a new position in Viper Energy in the 3rd quarter worth about $139,000. Finally, Larson Financial Group LLC increased its holdings in Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock worth $160,000 after purchasing an additional 2,019 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

VNOM opened at $37.82 on Friday. The business has a fifty day simple moving average of $38.35 and a 200 day simple moving average of $34.23. The company has a market capitalization of $6.69 billion, a PE ratio of 13.90 and a beta of 1.78. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.15. The business had revenue of $205.39 million during the quarter, compared to the consensus estimate of $200.63 million. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. Research analysts expect that Viper Energy will post 1.86 EPS for the current year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 15th were given a dividend of $0.59 per share. This is an increase from Viper Energy’s previous None dividend of $0.56. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 14th. Viper Energy’s dividend payout ratio is currently 39.71%.

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.