Viper Energy, Inc. (NASDAQ:VNOM) Receives $41.29 Consensus Target Price from Brokerages

Viper Energy, Inc. (NASDAQ:VNOM) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $41.29.

Several equities research analysts have recently issued reports on the stock. TD Securities increased their target price on shares of Viper Energy from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Truist Financial increased their target price on shares of Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Piper Sandler upped their price target on shares of Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Barclays began coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price target for the company.

Viper Energy Price Performance

NASDAQ VNOM opened at $37.82 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The stock’s fifty day moving average price is $38.35 and its 200 day moving average price is $34.23. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 13.90 and a beta of 1.78.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Tuesday, April 30th. The oil and gas producer reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.15. Viper Energy had a return on equity of 8.10% and a net margin of 24.24%. The firm had revenue of $205.39 million for the quarter, compared to the consensus estimate of $200.63 million. As a group, equities research analysts forecast that Viper Energy will post 1.86 earnings per share for the current year.

Viper Energy Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th were issued a $0.59 dividend. This is an increase from Viper Energy’s previous None dividend of $0.56. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a yield of 2.9%. Viper Energy’s dividend payout ratio is presently 39.71%.

Institutional Trading of Viper Energy

A number of hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in Viper Energy by 22.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,013 shares of the oil and gas producer’s stock valued at $95,000 after acquiring an additional 547 shares during the last quarter. ORG Partners LLC raised its holdings in Viper Energy by 26.7% in the 4th quarter. ORG Partners LLC now owns 3,230 shares of the oil and gas producer’s stock valued at $101,000 after acquiring an additional 680 shares during the last quarter. Alps Advisors Inc. raised its holdings in Viper Energy by 6.2% in the 3rd quarter. Alps Advisors Inc. now owns 11,811 shares of the oil and gas producer’s stock valued at $329,000 after acquiring an additional 691 shares during the last quarter. Arizona State Retirement System raised its holdings in Viper Energy by 4.4% in the 4th quarter. Arizona State Retirement System now owns 19,266 shares of the oil and gas producer’s stock valued at $605,000 after acquiring an additional 812 shares during the last quarter. Finally, Adalta Capital Management LLC raised its holdings in Viper Energy by 13.9% in the 1st quarter. Adalta Capital Management LLC now owns 7,405 shares of the oil and gas producer’s stock valued at $285,000 after acquiring an additional 905 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

About Viper Energy

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.