Analysts Set Viper Energy, Inc. (NASDAQ:VNOM) Target Price at $40.50

Viper Energy, Inc. (NASDAQ:VNOM) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued a report on the stock in the last year is $40.50.

VNOM has been the subject of a number of analyst reports. StockNews.com lowered Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Truist Financial increased their price target on shares of Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 5th. Raymond James lowered their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Barclays assumed coverage on shares of Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target for the company. Finally, Piper Sandler increased their price target on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th.

Viper Energy Stock Performance

VNOM stock opened at $39.55 on Tuesday. The stock has a market capitalization of $6.99 billion, a PE ratio of 14.65 and a beta of 1.79. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $37.58 and its 200 day simple moving average is $32.96. Viper Energy has a 12-month low of $24.48 and a 12-month high of $41.22.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.20. The business had revenue of $204.70 million during the quarter, compared to analyst estimates of $204.61 million. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. As a group, research analysts forecast that Viper Energy will post 1.74 earnings per share for the current fiscal year.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, March 4th. This is a positive change from Viper Energy’s previous None dividend of $0.09. This represents a dividend yield of 3%. Viper Energy’s payout ratio is 40.00%.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Viper Energy by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,655 shares of the oil and gas producer’s stock worth $2,679,000 after acquiring an additional 909 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its position in shares of Viper Energy by 59.2% in the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 289,050 shares of the oil and gas producer’s stock worth $11,117,000 after acquiring an additional 107,515 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Viper Energy in the first quarter worth about $6,868,000. Requisite Capital Management LLC raised its position in shares of Viper Energy by 2.7% in the first quarter. Requisite Capital Management LLC now owns 46,672 shares of the oil and gas producer’s stock worth $1,795,000 after acquiring an additional 1,228 shares during the period. Finally, True North Advisors LLC acquired a new position in shares of Viper Energy in the first quarter worth about $722,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.