Capital One Financial Equities Analysts Lower Earnings Estimates for Viper Energy, Inc. (NASDAQ:VNOM)

Viper Energy, Inc. (NASDAQ:VNOM) – Capital One Financial cut their Q3 2024 earnings per share (EPS) estimates for shares of Viper Energy in a research note issued to investors on Tuesday, September 17th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.54 for the quarter, down from their previous estimate of $0.61. The consensus estimate for Viper Energy’s current full-year earnings is $2.06 per share. Capital One Financial also issued estimates for Viper Energy’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $2.19 EPS, Q1 2025 earnings at $0.82 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.41 EPS and FY2026 earnings at $2.46 EPS.

VNOM has been the topic of several other research reports. Evercore ISI boosted their price target on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Barclays boosted their price target on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Truist Financial boosted their price target on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price target on Viper Energy from $44.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, TD Securities lifted their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $48.17.

Viper Energy Price Performance

Shares of VNOM stock opened at $45.66 on Friday. The stock’s fifty day simple moving average is $44.69 and its 200 day simple moving average is $40.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 16.79 and a beta of 1.73. Viper Energy has a one year low of $26.73 and a one year high of $49.37.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.42 by $0.19. The business had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. Viper Energy’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS.

Viper Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.63%. Viper Energy’s payout ratio is 44.12%.

Hedge Funds Weigh In On Viper Energy

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP raised its position in 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 valued at $423,344,000 after purchasing an additional 2,246,219 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Viper Energy by 23.3% during the first quarter. Vanguard Group Inc. now owns 8,481,119 shares of the oil and gas producer’s stock worth $326,184,000 after acquiring an additional 1,603,333 shares during the last quarter. Capital World Investors raised its position in shares of Viper Energy by 16.8% during the first quarter. Capital World Investors now owns 6,410,968 shares of the oil and gas producer’s stock worth $246,566,000 after acquiring an additional 923,276 shares during the last quarter. Epoch Investment Partners Inc. raised its position in shares of Viper Energy by 19.8% during the first quarter. Epoch Investment Partners Inc. now owns 3,001,411 shares of the oil and gas producer’s stock worth $115,434,000 after acquiring an additional 496,131 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Viper Energy by 12.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,085,841 shares of the oil and gas producer’s stock worth $78,282,000 after acquiring an additional 224,021 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

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.