Viper Energy (NASDAQ:VNOM) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Viper Energy (NASDAQ:VNOM) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports. Zacks Research also issued estimates for Viper Energy’s Q2 2028 earnings at $0.58 EPS, Q3 2028 earnings at $0.62 EPS and FY2028 earnings at $2.38 EPS.

A number of other equities analysts have also issued reports on the company. Morgan Stanley cut their target price on Viper Energy from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research note on Friday, July 17th. Mizuho cut their price target on shares of Viper Energy from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. TD Cowen reiterated a “buy” rating on shares of Viper Energy in a research note on Tuesday, August 4th. Finally, Raymond James Financial set a $57.00 price objective on shares of Viper Energy in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $56.93.

Viper Energy Stock Up 1.8%

Shares of NASDAQ:VNOM opened at $41.59 on Monday. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 319.95 and a beta of 0.50. The company has a 50 day moving average of $43.05 and a two-hundred day moving average of $44.64. The company has a quick ratio of 6.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.16. Viper Energy has a 52-week low of $35.10 and a 52-week high of $51.13.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $643.45 million. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The firm’s quarterly revenue was up 127.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. As a group, analysts forecast that Viper Energy will post 2.72 earnings per share for the current fiscal year.

Viper Energy Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a dividend yield of 281.0%. Viper Energy’s payout ratio is 1,169.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Bornite Capital Management LP increased its stake in shares of Viper Energy by 50.0% during the fourth quarter. Bornite Capital Management LP now owns 1,500,000 shares of the oil and gas producer’s stock valued at $57,945,000 after acquiring an additional 500,000 shares during the period. Stephens Investment Management Group LLC raised its holdings in shares of Viper Energy by 8.2% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,231,728 shares of the oil and gas producer’s stock worth $57,879,000 after purchasing an additional 93,498 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Viper Energy by 13.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,223,344 shares of the oil and gas producer’s stock worth $57,485,000 after purchasing an additional 145,221 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Viper Energy during the fourth quarter valued at approximately $52,087,000. Finally, Recurrent Investment Advisors LLC boosted its holdings in Viper Energy by 36.9% during the first quarter. Recurrent Investment Advisors LLC now owns 989,318 shares of the oil and gas producer’s stock worth $46,488,000 after buying an additional 266,703 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy News Summary

Here are the key news stories impacting Viper Energy this week:

• Positive Sentiment: Zacks upgraded Viper Energy from “Hold” to “Strong Buy,” citing growing optimism about the company’s earnings prospects. Viper Energy Upgraded to Strong Buy
• Positive Sentiment: Zacks raised its Viper Energy EPS forecasts for the second and third quarters of 2028 to $0.58 and $0.62, respectively, from $0.57 and $0.61. Its full-year 2028 estimate also increased to $2.38 from $2.34, signaling modestly improved long-term earnings expectations. Zacks Research Forecasts Increased Earnings for Viper Energy
• Positive Sentiment: Barclays continues to rate Viper Energy a “Buy,” providing additional support for the favorable analyst view of VNOM. Barclays Remains a Buy on Viper Energy

Viper Energy Company Profile

Viper Energy, Inc (NASDAQ: VNOM) is an oil and gas company that owns and acquires mineral, royalty and overriding royalty interests in properties operated primarily by other exploration and production companies. Its interests provide exposure to production from wells without requiring Viper to fund most drilling and completion activities.

The company’s assets are concentrated in the Permian Basin of West Texas and southeastern New Mexico, including the Midland and Delaware sub-basins. Viper’s interests are associated mainly with oil and natural gas development and generate revenue from its share of production, while its broad and diversified ownership position spans numerous wells and acreage holdings.

Viper Energy was established as Viper Energy Partners and became a publicly traded master limited partnership in 2014.