Q4 Earnings Estimate for Viper Energy Issued By Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Investment analysts at Roth Capital reduced their Q4 2024 EPS estimates for Viper Energy in a research report issued to clients and investors on Tuesday, January 28th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, November 4th. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.72%. The firm had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter last year, the company posted $1.10 EPS. The business’s quarterly revenue was down 28.5% on a year-over-year basis.

Several other brokerages have also commented on VNOM. StockNews.com upgraded Viper Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 17th. Barclays increased their price target on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Evercore ISI upped their price objective on shares of Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. KeyCorp upgraded shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Friday, December 13th. Finally, The Goldman Sachs Group began coverage on shares of Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target for the company. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Viper Energy Trading Down 0.4 %

NASDAQ VNOM opened at $46.39 on Wednesday. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $50.81 and its two-hundred day simple moving average is $48.57. Viper Energy has a twelve month low of $30.56 and a twelve month high of $56.76. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 19.91 and a beta of 1.73.

Viper Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date was Thursday, November 14th. Viper Energy’s payout ratio is 51.50%.

Institutional Investors Weigh In On Viper Energy

A number of large investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of Viper Energy during the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its holdings in Viper Energy by 328.5% in 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Viper Energy by 208.1% in the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 460 shares during the period. National Bank of Canada FI lifted its position in shares of Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after purchasing an additional 1,165 shares during the period. Finally, Versant Capital Management Inc bought a new stake in shares of Viper Energy during the 4th quarter valued at about $94,000. 87.72% of the stock is currently owned by institutional investors.

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.