Shares of Viper Energy, Inc. (NASDAQ:VNOM – Get Free Report) have been given a consensus rating of “Buy” by the six analysts that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $48.17.
A number of equities analysts recently commented on the company. Barclays lifted their target price on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Evercore ISI raised their price objective on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Piper Sandler upped their target price on shares of Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Truist Financial raised their price target on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, TD Securities boosted their price target on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.
Get Our Latest Stock Report on Viper Energy
Institutional Investors Weigh In On Viper Energy
Viper Energy Price Performance
Shares of VNOM stock opened at $47.53 on Friday. The firm’s 50-day moving average is $44.94 and its two-hundred day moving average is $40.47. Viper Energy has a 12 month low of $26.73 and a 12 month high of $49.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a market capitalization of $8.41 billion, a PE ratio of 17.47 and a beta of 1.73.
Viper Energy (NASDAQ:VNOM – Get Free Report) last posted its earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The company had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. Viper Energy’s revenue for the quarter was up 34.8% compared to the same quarter last year. Analysts predict that Viper Energy will post 2.06 earnings per share for the current year.
Viper Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy’s dividend payout ratio is presently 44.12%.
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.
See Also
- Five stocks we like better than Viper Energy
- How to Use the MarketBeat Stock Screener
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- 3 Small Caps With Big Return Potential
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- Learn Technical Analysis Skills to Master the Stock Market
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for Viper Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy and related companies with MarketBeat.com's FREE daily email newsletter.