Zacks Research Boosts Earnings Estimates for Viper Energy

Viper Energy Inc. (NASDAQ:VNOM) – Stock analysts at Zacks Research lifted their Q3 2027 earnings estimates for Viper Energy in a research report issued to clients and investors on Wednesday, June 3rd. Zacks Research analyst Team now anticipates that the oil and gas producer will earn $0.39 per share for the quarter, up from their prior estimate of $0.38. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Viper Energy’s current full-year earnings is $2.59 per share.

Viper Energy (NASDAQ:VNOM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.43 by $0.12. The firm had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $499.82 million. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.Viper Energy’s quarterly revenue was up 108.6% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share.

A number of other analysts have also recently weighed in on the stock. Piper Sandler upped their target price on shares of Viper Energy from $64.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. TD Securities upped their target price on shares of Viper Energy from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research note on Monday, April 20th. Roth Mkm reissued a “buy” rating and issued a $54.00 target price on shares of Viper Energy in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of Viper Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Viper Energy has an average rating of “Buy” and a consensus price target of $58.38.

Viper Energy Stock Down 1.1%

Shares of VNOM stock opened at $46.37 on Friday. The stock has a market cap of $16.65 billion, a P/E ratio of -144.90 and a beta of 0.38. Viper Energy has a one year low of $35.10 and a one year high of $51.13. The stock has a fifty day moving average price of $46.97 and a 200 day moving average price of $43.03. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.17 and a quick ratio of 6.17.

Viper Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.52 annualized dividend and a yield of 3.3%. Viper Energy’s dividend payout ratio (DPR) is presently -475.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mountain Lake Investment Management LLC bought a new stake in shares of Viper Energy during the 3rd quarter worth about $9,853,000. Principal Financial Group Inc. grew its stake in Viper Energy by 26.1% during the third quarter. Principal Financial Group Inc. now owns 374,739 shares of the oil and gas producer’s stock worth $14,323,000 after buying an additional 77,519 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Viper Energy by 58.7% in the third quarter. Citigroup Inc. now owns 198,093 shares of the oil and gas producer’s stock worth $7,571,000 after acquiring an additional 73,303 shares during the last quarter. Bornite Capital Management LP bought a new stake in shares of Viper Energy during the third quarter worth $38,220,000. Finally, Titleist Asset Management LLC raised its holdings in Viper Energy by 958.9% in the 3rd quarter. Titleist Asset Management LLC now owns 223,426 shares of the oil and gas producer’s stock valued at $8,539,000 after buying an additional 202,326 shares during the last quarter. Institutional investors own 87.72% of the company’s stock.

About Viper Energy

Viper Energy Partners LP is a publicly traded master limited partnership that owns and intends to acquire mineral and royalty interests in oil and natural gas properties. As a pass-through entity, Viper Energy Partners does not engage in drilling or production operations directly; instead, it generates revenues by holding overriding royalty interests, mineral fee interests and royalty fee interests. These interests entitle the partnership to receive a percentage of the proceeds from hydrocarbons produced and sold by third-party operators.

The partnership’s assets are concentrated in the Permian Basin, with a primary focus on the Delaware Basin region of West Texas and southeastern New Mexico.