Viper Energy, Inc. (NASDAQ:VNOM) to Post FY2024 Earnings of $2.16 Per Share, Capital One Financial Forecasts

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at Capital One Financial increased their FY2024 earnings per share (EPS) estimates for shares of Viper Energy in a note issued to investors on Wednesday, May 1st. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $2.16 per share for the year, up from their prior forecast of $2.09. The consensus estimate for Viper Energy’s current full-year earnings is $1.81 per share.

Other equities research analysts have also issued research reports about the company. Truist Financial increased their price target on Viper Energy from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays initiated coverage on Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price for the company. Raymond James decreased their target price on Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Piper Sandler upped their price target on Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, TD Securities increased their price objective on shares of Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.29.

Viper Energy Stock Up 1.3 %

Shares of VNOM stock opened at $37.62 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. Viper Energy has a one year low of $24.48 and a one year high of $41.22. The company’s fifty day moving average price is $37.88 and its 200-day moving average price is $33.36. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 13.83 and a beta of 1.78.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.24% and a return on equity of 8.38%. The company had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue was up .5% compared to the same quarter last year.

Viper Energy Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 15th will be paid a $0.59 dividend. This is an increase from Viper Energy’s previous None dividend of $0.56. The ex-dividend date is Tuesday, May 14th. This represents a yield of 2.9%. Viper Energy’s payout ratio is presently 39.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of VNOM. Vanguard Group Inc. increased its position in Viper Energy by 1,045.4% in the fourth quarter. Vanguard Group Inc. now owns 6,877,786 shares of the oil and gas producer’s stock worth $215,825,000 after purchasing an additional 6,277,324 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Viper Energy by 20.0% in the 4th quarter. Wellington Management Group LLP now owns 13,490,896 shares of the oil and gas producer’s stock worth $423,344,000 after buying an additional 2,246,219 shares in the last quarter. Scout Investments Inc. bought a new stake in shares of Viper Energy in the 4th quarter worth about $40,808,000. Epoch Investment Partners Inc. increased its holdings in shares of Viper Energy by 91.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,505,280 shares of the oil and gas producer’s stock worth $78,616,000 after buying an additional 1,197,567 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Viper Energy during the 4th quarter valued at about $24,448,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Company Profile

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.