Viper Energy (NASDAQ:VNOM – Free Report) had its price target raised by Truist Financial from $47.00 to $52.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the oil and gas producer’s stock.
VNOM has been the subject of several other research reports. StockNews.com lowered Viper Energy from a buy rating to a hold rating in a report on Tuesday, January 9th. Piper Sandler cut their price target on Viper Energy from $37.00 to $36.00 and set an overweight rating for the company in a report on Wednesday, January 24th. Evercore ISI reissued an outperform rating and set a $37.00 price target on shares of Viper Energy in a report on Thursday, December 7th. Finally, Raymond James cut their price target on Viper Energy from $38.00 to $37.00 and set an outperform rating for the company in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $38.75.
Check Out Our Latest Stock Analysis on VNOM
Viper Energy Stock Performance
Shares of VNOM traded up $0.90 during trading hours on Friday, hitting $39.24. The stock had a trading volume of 866,875 shares, compared to its average volume of 1,004,456. 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 12 month low of $24.48 and a 12 month high of $39.39. The firm has a market capitalization of $6.94 billion, a PE ratio of 14.53 and a beta of 1.79. The stock has a fifty day moving average price of $35.41 and a 200 day moving average price of $31.77.
Viper Energy (NASDAQ:VNOM – Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.47 by $0.20. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company had revenue of $204.70 million during the quarter, compared to analyst estimates of $204.61 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Viper Energy’s revenue was up .5% compared to the same quarter last year. Analysts anticipate that Viper Energy will post 1.62 EPS for the current year.
Viper Energy Increases Dividend
The firm also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, March 5th were paid a $0.56 dividend. This is a positive change from Viper Energy’s previous None dividend of $0.09. The ex-dividend date was Monday, March 4th. This represents a dividend yield of 3%. Viper Energy’s dividend payout ratio is 40.00%.
Hedge Funds Weigh In On Viper Energy
A number of hedge funds have recently made changes to their positions in VNOM. Barclays PLC bought a new position in shares of Viper Energy in the first quarter worth about $31,000. US Bancorp DE lifted its position in shares of Viper Energy by 40.0% in the fourth quarter. US Bancorp DE now owns 1,400 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Viper Energy in the first quarter worth about $56,000. International Assets Investment Management LLC purchased a new stake in shares of Viper Energy in the third quarter worth about $57,000. Finally, State of Wyoming purchased a new stake in shares of Viper Energy in the fourth quarter worth about $57,000. Institutional investors own 87.72% of the company’s stock.
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.
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