Viper Energy Inc. (NASDAQ:VNOM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $54.20.

• MarketBeat ‘Stock of the Week’: Viper winds up as oil prices sink

Several analysts have recently commented on the stock. Wall Street Zen cut shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Sunday, October 26th. TD Securities set a $54.00 target price on shares of Viper Energy in a report on Tuesday, September 30th. Morgan Stanley cut their target price on shares of Viper Energy from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Tuesday, October 14th. KeyCorp decreased their price target on shares of Viper Energy from $56.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 3rd. Finally, Piper Sandler dropped their price objective on shares of Viper Energy from $68.00 to $64.00 and set an "overweight" rating for the company in a research note on Tuesday, November 18th.

View Our Latest Analysis on VNOM

Viper Energy Stock Down 0.8%

VNOM opened at $40.34 on Friday. Viper Energy has a 52 week low of $34.71 and a 52 week high of $52.60. The business has a 50 day moving average price of $37.61 and a two-hundred day moving average price of $38.33. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $14.50 billion, a PE ratio of 16.67, a P/E/G ratio of 18.41 and a beta of 0.48.

Viper Energy (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, November 3rd. The oil and gas producer reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. Viper Energy had a return on equity of 3.09% and a net margin of 20.62%.The business had revenue of $418.00 million for the quarter, compared to analyst estimates of $389.35 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company's revenue for the quarter was up 98.1% compared to the same quarter last year. As a group, research analysts anticipate that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, November 13th. Viper Energy's dividend payout ratio is currently 54.55%.

Institutional Trading of Viper Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oaktree Capital Management LP acquired a new stake in shares of Viper Energy in the 3rd quarter valued at about $240,215,000. Vanguard Group Inc. lifted its holdings in Viper Energy by 28.0% in the third quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer's stock worth $646,180,000 after purchasing an additional 3,699,141 shares during the period. Capital World Investors boosted its holdings in shares of Viper Energy by 18.7% in the third quarter. Capital World Investors now owns 12,423,354 shares of the oil and gas producer's stock valued at $474,821,000 after acquiring an additional 1,957,417 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Viper Energy by 21.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer's stock worth $451,336,000 after acquiring an additional 1,778,093 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in Viper Energy by 763.4% during the first quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer's stock worth $81,254,000 after buying an additional 1,591,212 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.

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