FY2024 EPS Estimates for Viper Energy, Inc. (NASDAQ:VNOM) Boosted by Zacks Research

Viper Energy, Inc. (NASDAQ:VNOM) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of Viper Energy in a report issued on Monday, August 26th. Zacks Research analyst R. Department now forecasts that the oil and gas producer will earn $1.88 per share for the year, up from their previous estimate of $1.80. The consensus estimate for Viper Energy’s current full-year earnings is $2.06 per share. Zacks Research also issued estimates for Viper Energy’s Q4 2024 earnings at $0.38 EPS and Q3 2025 earnings at $0.45 EPS.

Other equities analysts also recently issued reports about the company. Truist Financial upped their target price on Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Securities upped their target price on Viper Energy from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays upped their target price on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Evercore ISI upped their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. Finally, Piper Sandler increased their price target on Viper Energy from $44.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. One 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 stock presently has an average rating of “Moderate Buy” and an average target price of $45.71.

Viper Energy Price Performance

NASDAQ VNOM opened at $47.91 on Wednesday. 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 stock’s fifty day moving average price is $41.99 and its 200 day moving average price is $38.99. Viper Energy has a 1 year low of $26.73 and a 1 year high of $48.72. The company has a market cap of $8.47 billion, a price-to-earnings ratio of 17.61 and a beta of 1.74.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings data 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. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm had revenue of $216.71 million during the quarter, compared to analyst estimates of $216.28 million. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year.

Viper Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is presently 44.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in Viper Energy in the 2nd quarter valued at about $36,000. Plato Investment Management Ltd lifted its stake in Viper Energy by 119.2% in the 2nd quarter. Plato Investment Management Ltd now owns 2,834 shares of the oil and gas producer’s stock valued at $106,000 after buying an additional 1,541 shares in the last quarter. ORG Partners LLC lifted its stake in Viper Energy by 962.3% in the 2nd quarter. ORG Partners LLC now owns 2,815 shares of the oil and gas producer’s stock valued at $107,000 after buying an additional 2,550 shares in the last quarter. Larson Financial Group LLC lifted its stake in Viper Energy by 94.4% in the 1st quarter. Larson Financial Group LLC now owns 4,158 shares of the oil and gas producer’s stock valued at $160,000 after buying an additional 2,019 shares in the last quarter. Finally, Sandia Investment Management LP purchased a new position in Viper Energy in the 1st quarter valued at about $192,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

About Viper Energy

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.