Viper Energy Inc. (NASDAQ:VNOM) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Viper Energy Inc. (NASDAQ:VNOM) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $56.41.

Several equities research analysts recently issued reports on VNOM shares. Roth Capital reissued a “buy” rating on shares of Viper Energy in a research note on Tuesday, August 4th. Mizuho set a $57.00 target price on Viper Energy in a research note on Tuesday, October 13th. Oppenheimer cut Viper Energy from an “outperform” rating to a “market perform” rating and set a $53.00 price target on the stock. in a report on Tuesday, November 3rd. TD Cowen reaffirmed a “buy” rating on shares of Viper Energy in a report on Tuesday, August 4th. Finally, Johnson Rice began coverage on Viper Energy in a research report on Monday, August 3rd. They set an “accumulate” rating and a $55.00 price target for the company.

Viper Energy Stock Performance

Shares of VNOM stock opened at $40.62 on Wednesday. The company’s fifty day simple moving average is $43.60 and its two-hundred day simple moving average is $44.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.92 and a quick ratio of 5.92. Viper Energy has a 1 year low of $35.10 and a 1 year high of $51.13. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 29.65 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Viper Energy had a return on equity of 4.24% and a net margin of 12.08%. The business had revenue of $661.00 million during the quarter, compared to the consensus estimate of $625.18 million. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue was up 58.1% compared to the same quarter last year. As a group, analysts anticipate that Viper Energy will post 2.92 earnings per share for the current year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.9%. Viper Energy’s dividend payout ratio is 110.95%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. IFP Advisors Inc boosted its position in shares of Viper Energy by 1,250.0% during the second quarter. IFP Advisors Inc now owns 945 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 875 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Viper Energy in the second quarter worth $56,000. Parallel Advisors LLC grew its stake in Viper Energy by 31.2% in the first quarter. Parallel Advisors LLC now owns 1,354 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 322 shares during the period. Covestor Ltd grew its stake in Viper Energy by 35.9% in the third quarter. Covestor Ltd now owns 1,852 shares of the oil and gas producer’s stock worth $74,000 after purchasing an additional 489 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Viper Energy by 20.0% in the second quarter. Versant Capital Management Inc now owns 2,481 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties. Rather than serving primarily as a drilling operator, the company earns revenue from production on acreage where other companies conduct exploration and development.

Its interests are concentrated in the Permian Basin of West Texas and southeastern New Mexico, including the Midland and Delaware sub-basins. Viper’s business is tied to activity by the operators that develop the underlying properties.

Originally formed as Viper Energy Partners LP in 2014 as an affiliate of Diamondback Energy, the company later converted to a corporation and adopted the Viper Energy, Inc name.