Analysts Set Viper Energy, Inc. (NASDAQ:VNOM) Price Target at $37.58

Viper Energy, Inc. (NASDAQ:VNOMGet Free Report) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.58.

Several brokerages recently weighed in on VNOM. StockNews.com lowered Viper Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Evercore ISI reissued an “outperform” rating and issued a $37.00 price objective on shares of Viper Energy in a research report on Thursday, December 7th. Raymond James lowered their target price on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, Piper Sandler decreased their price target on Viper Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 24th.

View Our Latest Research Report on Viper Energy

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $35.18 on Monday. The business’s fifty day moving average price is $32.89 and its two-hundred day moving average price is $30.48. The stock has a market cap of $6.22 billion, a PE ratio of 13.03 and a beta of 1.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. Viper Energy has a one year low of $24.48 and a one year high of $38.76.

Viper Energy (NASDAQ:VNOMGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company had revenue of $204.70 million for the quarter, compared to analyst estimates of $204.61 million. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts forecast that Viper Energy will post 1.75 EPS for the current fiscal year.

Viper Energy Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th will be issued a dividend of $0.56 per share. This is a boost from Viper Energy’s previous None dividend of $0.09. The ex-dividend date is Monday, March 4th. This represents a yield of 3%. Viper Energy’s payout ratio is presently 40.00%.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently modified their holdings of the stock. Barclays PLC purchased a new stake in Viper Energy in the 1st quarter worth about $31,000. US Bancorp DE lifted its stake in Viper Energy by 40.0% in the 4th quarter. US Bancorp DE now owns 1,400 shares of the oil and gas producer’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. CWM LLC lifted its stake in Viper Energy by 128.2% in the 2nd quarter. CWM LLC now owns 1,483 shares of the oil and gas producer’s stock worth $40,000 after acquiring an additional 833 shares in the last quarter. State of Wyoming purchased a new stake in Viper Energy in the 4th quarter worth about $57,000. Finally, Chilton Capital Management LLC purchased a new stake in Viper Energy in the 4th quarter worth about $63,000. 37.34% of the stock is owned by hedge funds and other institutional investors.

About Viper Energy

(Get Free Report

Viper Energy, Inc owns, acquires, and exploits oil and natural gas properties in North America. It owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. 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.

Further Reading

Analyst Recommendations for Viper Energy (NASDAQ:VNOM)

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