Viper Energy (NASDAQ:VNOM) Lowered to Sell Rating by StockNews.com

StockNews.com downgraded shares of Viper Energy (NASDAQ:VNOM) from a hold rating to a sell rating in a research report sent to investors on Monday.

A number of other equities analysts also recently issued reports on the company. Roth Mkm upped their price target on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. KeyCorp raised Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Friday, December 13th. Truist Financial cut their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James upped their target price on Viper Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Piper Sandler cut their target price on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $59.91.

Viper Energy Stock Performance

Shares of VNOM stock opened at $47.85 on Monday. The business’s fifty day simple moving average is $50.17 and its 200-day simple moving average is $48.74. The company has a market cap of $9.02 billion, a PE ratio of 20.54 and a beta of 1.71. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. Viper Energy has a 12-month low of $30.56 and a 12-month high of $56.76.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Analysts expect that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, November 14th. Viper Energy’s dividend payout ratio is currently 51.50%.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in shares of Viper Energy by 43.9% during the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 214 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Viper Energy by 2.1% during the 4th quarter. Savant Capital LLC now owns 14,396 shares of the oil and gas producer’s stock worth $706,000 after acquiring an additional 293 shares in the last quarter. Andina Capital Management LLC boosted its stake in shares of Viper Energy by 2.5% during the 4th quarter. Andina Capital Management LLC now owns 12,924 shares of the oil and gas producer’s stock worth $634,000 after acquiring an additional 312 shares in the last quarter. Fulcrum Equity Management boosted its stake in shares of Viper Energy by 4.1% during the 3rd quarter. Fulcrum Equity Management now owns 9,543 shares of the oil and gas producer’s stock worth $430,000 after acquiring an additional 375 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of 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 acquiring an additional 450 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Company Profile

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.