Viper Energy Inc. (NASDAQ:VNOM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Viper Energy Inc. (NASDAQ:VNOM) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $55.2667.

VNOM has been the subject of several research analyst reports. Mizuho dropped their target price on shares of Viper Energy from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Piper Sandler lifted their target price on shares of Viper Energy from $66.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Morgan Stanley initiated coverage on shares of Viper Energy in a research report on Monday, August 18th. They set an “overweight” rating and a $46.00 target price for the company. KeyCorp dropped their target price on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Roth Capital set a $50.00 price objective on shares of Viper Energy and gave the stock a “buy” rating in a report on Tuesday, August 26th.

Institutional Investors Weigh In On Viper Energy

A number of hedge funds have recently made changes to their positions in VNOM. California State Teachers Retirement System lifted its holdings in shares of Viper Energy by 10.4% in the 4th quarter. California State Teachers Retirement System now owns 96,293 shares of the oil and gas producer’s stock worth $4,725,000 after acquiring an additional 9,035 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Viper Energy by 6,591.3% in the 1st quarter. GAMMA Investing LLC now owns 91,068 shares of the oil and gas producer’s stock worth $4,112,000 after acquiring an additional 89,707 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Viper Energy by 26.4% in the 1st quarter. Rhumbline Advisers now owns 339,045 shares of the oil and gas producer’s stock worth $15,308,000 after acquiring an additional 70,748 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Viper Energy by 292.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 31,210 shares of the oil and gas producer’s stock valued at $1,409,000 after buying an additional 23,267 shares during the last quarter. Finally, Naples Global Advisors LLC raised its holdings in Viper Energy by 6.5% during the 1st quarter. Naples Global Advisors LLC now owns 7,655 shares of the oil and gas producer’s stock valued at $346,000 after buying an additional 465 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $39.01 on Tuesday. The company has a 50 day moving average of $38.30 and a 200 day moving average of $39.57. The stock has a market cap of $11.26 billion, a P/E ratio of 11.27, a P/E/G ratio of 17.43 and a beta of 0.92. Viper Energy has a 12 month low of $34.71 and a 12 month high of $56.76. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The business had revenue of $297.00 million during the quarter, compared to analyst estimates of $285.35 million. During the same period in the previous year, the business posted $0.62 earnings per share. Viper Energy’s revenue for the quarter was up 37.1% on a year-over-year basis. As a group, sell-side analysts forecast that Viper Energy will post 2.02 EPS for the current fiscal year.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 14th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Thursday, August 14th. Viper Energy’s payout ratio is presently 38.15%.

Viper Energy Company Profile

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.