Analysts Offer Predictions for Viper Energy FY2024 Earnings

Viper Energy, Inc. (NASDAQ:VNOM) – Equities researchers at Zacks Research raised their FY2024 earnings per share estimates for Viper Energy in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now expects that the oil and gas producer will earn $1.95 per share for the year, up from their previous forecast of $1.84. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share. Zacks Research also issued estimates for Viper Energy’s Q1 2026 earnings at $0.37 EPS and FY2026 earnings at $1.84 EPS.

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

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Roth Mkm lifted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Truist Financial raised their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Raymond James boosted their price target on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and an average price target of $55.78.

Viper Energy Price Performance

NASDAQ:VNOM opened at $53.94 on Thursday. The company has a market cap of $10.16 billion, a P/E ratio of 23.15 and a beta of 1.72. The firm’s fifty day moving average price is $51.10 and its two-hundred day moving average price is $44.72. Viper Energy has a one year low of $29.03 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24.

Institutional Investors Weigh In On Viper Energy

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its position in Viper Energy by 328.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Viper Energy by 208.1% during the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Viper Energy during the second quarter worth $36,000. National Bank of Canada FI lifted its stake in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its stake in shares of Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. Viper Energy’s dividend payout ratio (DPR) 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.