Viper Energy (NASDAQ:VNOM – Free Report) had its price target hoisted by Truist Financial from $54.00 to $55.00 in a research report report published on Wednesday morning, Benzinga reports. Truist Financial currently has a buy rating on the oil and gas producer’s stock.
Other equities analysts have also issued reports about the company. Evercore ISI lifted their price objective on Viper Energy from $37.00 to $45.00 and gave the stock an outperform rating in a research note on Monday, July 8th. Piper Sandler boosted their price target on Viper Energy from $43.00 to $44.00 and gave the company an overweight rating in a research note on Thursday, July 18th. TD Securities raised their price target on shares of Viper Energy from $40.00 to $42.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. Finally, Barclays lifted their price objective on Viper Energy from $44.00 to $47.00 and gave the company an overweight rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $43.86.
Check Out Our Latest Analysis on VNOM
Viper Energy Stock Up 2.6 %
Shares of VNOM stock opened at $44.18 on Wednesday. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 16.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.46 and a current ratio of 3.46. The stock’s 50 day simple moving average is $39.12 and its 200 day simple moving average is $37.37. Viper Energy has a twelve month low of $26.71 and a twelve month high of $45.19.
Viper Energy (NASDAQ:VNOM – Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19. The business had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. Viper Energy’s quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. As a group, research analysts predict that Viper Energy will post 1.95 EPS for the current year.
Viper Energy Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, August 15th. Viper Energy’s dividend payout ratio (DPR) is presently 39.71%.
Institutional Investors Weigh In On Viper Energy
Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in 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 valued at $905,000 after purchasing an additional 2,962 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in Viper Energy during the 2nd quarter worth $470,000. SIR Capital Management L.P. raised its stake in Viper Energy by 26.5% during the 2nd quarter. SIR Capital Management L.P. now owns 776,800 shares of the oil and gas producer’s stock worth $29,153,000 after buying an additional 162,900 shares during the period. Van Hulzen Asset Management LLC bought a new position in Viper Energy during the second quarter worth about $1,181,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Viper Energy in the second quarter worth about $1,756,000. 87.72% of the stock is owned by institutional investors and hedge funds.
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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Source: defenseworld.net
