Viper Energy, Inc. (NASDAQ:VNOM) Given Consensus Rating of “Buy” by Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Thirteen analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have covered the stock in the last year is $55.15.

VNOM has been the topic of a number of research analyst reports. Raymond James reissued an “outperform” rating and issued a $54.00 price target (up previously from $52.00) on shares of Viper Energy in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company decreased their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Truist Financial decreased their price target on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Evercore ISI reissued an “outperform” rating and issued a $49.00 price target on shares of Viper Energy in a report on Wednesday, May 7th.

Hedge Funds Weigh In On Viper Energy

Several institutional investors and hedge funds have recently made changes to their positions in VNOM. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the 4th quarter valued at $25,000. Quarry LP bought a new position in shares of Viper Energy during the 4th quarter valued at $32,000. Assetmark Inc. grew its holdings in shares of Viper Energy by 321.7% during the 4th quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 518 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 414 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings 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 valued at $34,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy Stock Performance

Viper Energy stock opened at $39.57 on Wednesday. The firm’s 50 day simple moving average is $40.75 and its 200 day simple moving average is $46.02. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $11.42 billion, a PE ratio of 16.98 and a beta of 1.05. Viper Energy has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.09. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $233.99 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, analysts expect that Viper Energy will post 2.02 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, May 15th. Viper Energy’s dividend payout ratio is currently 31.58%.

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.