Viper Energy Inc. (NASDAQ:VNOM) Receives $54.20 Average Target Price from Analysts

Viper Energy Inc. (NASDAQ:VNOM) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $54.20.

A number of analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Viper Energy from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. William Blair initiated coverage on Viper Energy in a research note on Monday, August 25th. They issued an “outperform” rating on the stock. Roth Capital set a $50.00 target price on Viper Energy and gave the stock a “buy” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group initiated coverage on shares of Viper Energy in a research report on Thursday, October 23rd. They issued a “hold” rating and a $38.00 price target on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VNOM. Beacon Pointe Advisors LLC acquired a new stake in Viper Energy during the second quarter valued at approximately $608,000. JPMorgan Chase & Co. raised its holdings in shares of Viper Energy by 15.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock worth $11,588,000 after buying an additional 39,867 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Viper Energy during the 2nd quarter worth approximately $505,000. Horizon Kinetics Asset Management LLC boosted its stake in Viper Energy by 6.1% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 1,711,181 shares of the oil and gas producer’s stock valued at $65,247,000 after buying an additional 98,742 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in Viper Energy by 190.7% in the 1st quarter. Jump Financial LLC now owns 93,000 shares of the oil and gas producer’s stock valued at $4,199,000 after buying an additional 61,005 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Stock Performance

Shares of VNOM opened at $38.89 on Friday. The firm has a market cap of $13.98 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 18.00 and a beta of 0.48. The company’s fifty day moving average is $37.63 and its 200-day moving average is $38.30. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Viper Energy has a 12 month low of $34.71 and a 12 month high of $52.10.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $418.00 million during the quarter, compared to analyst estimates of $389.35 million. Viper Energy had a net margin of 20.62% and a return on equity of 3.09%. Viper Energy’s quarterly revenue was up 98.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. Equities analysts expect that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 13th were paid a $0.33 dividend. The ex-dividend date was Thursday, November 13th. This represents a $1.32 dividend on an annualized basis and a yield of 3.4%. Viper Energy’s dividend payout ratio (DPR) is presently 54.55%.

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.