Viper Energy, Inc. (NASDAQ:VNOM) Receives $58.18 Average Price Target from Analysts

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have earned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $58.18.

A number of brokerages have recently commented on VNOM. JPMorgan Chase & Co. upped their target price on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price for the company in a report on Friday, December 13th. TD Securities boosted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Truist Financial raised their price target on shares of Viper Energy from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their price objective on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th.

Institutional Trading of Viper Energy

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 450 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Viper Energy by 208.1% in the third quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Viper Energy during the second quarter worth about $36,000. National Bank of Canada FI grew its stake in Viper Energy by 524.8% during the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 1,165 shares in the last quarter. Finally, Plato Investment Management Ltd raised its holdings in Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 1,541 shares during the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $49.87 on Friday. Viper Energy has a twelve month low of $30.21 and a twelve month high of $56.76. 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 company has a market cap of $9.40 billion, a PE ratio of 21.40 and a beta of 1.71. The company’s 50 day moving average is $51.70 and its 200 day moving average is $47.00.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. On average, sell-side analysts forecast that Viper Energy will post 2.01 EPS for the current year.

Viper Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.41%. Viper Energy’s dividend payout ratio (DPR) is currently 51.50%.

About Viper Energy

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.