Q4 EPS Estimates for Viper Energy Decreased by Roth Capital

Viper Energy, Inc. (NASDAQ:VNOM) – Research analysts at Roth Capital decreased their Q4 2024 earnings per share (EPS) estimates for Viper Energy in a research report issued on Tuesday, January 28th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.24 per share 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.

A number of other brokerages also recently weighed in on VNOM. JPMorgan Chase & Co. upped their price target on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Truist Financial raised their target price on Viper Energy from $64.00 to $71.00 and gave the company a “buy” rating in a report on Monday, January 13th. StockNews.com raised Viper Energy from a “sell” rating to a “hold” rating in a report on Friday, January 17th. Roth Mkm raised their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their target price on Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Viper Energy Trading Down 1.3 %

Shares of Viper Energy stock opened at $46.24 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. Viper Energy has a 12-month low of $30.56 and a 12-month high of $56.76. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 19.85 and a beta of 1.73. The firm’s 50-day moving average price is $50.53 and its two-hundred day moving average price is $48.61.

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

Institutional Investors Weigh In On Viper Energy

A number of institutional investors have recently added to or reduced their stakes in VNOM. American Century Companies Inc. grew its stake in shares of Viper Energy by 14.0% in the second quarter. American Century Companies Inc. now owns 24,119 shares of the oil and gas producer’s stock worth $905,000 after purchasing an additional 2,962 shares during the last quarter. Sei Investments Co. lifted its holdings in Viper Energy by 25.3% during the 2nd quarter. Sei Investments Co. now owns 56,765 shares of the oil and gas producer’s stock worth $2,130,000 after buying an additional 11,457 shares during the period. Xponance Inc. bought a new stake in shares of Viper Energy in the 2nd quarter valued at about $225,000. The Manufacturers Life Insurance Company raised its position in shares of Viper Energy by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 13,497 shares of the oil and gas producer’s stock worth $507,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Scientech Research LLC bought a new position in shares of Viper Energy during the second quarter worth about $239,000. 87.72% of the stock is owned by institutional investors.

Viper Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 2.60%. Viper Energy’s dividend payout ratio is presently 51.50%.

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.