Viper Energy (NASDAQ:VNOM) Research Coverage Started at Johnson Rice

Johnson Rice began coverage on shares of Viper Energy (NASDAQ:VNOM) in a research report released on Monday morning, Marketbeat Ratings reports. The firm issued an accumulate rating and a $55.00 target price on the oil and gas producer’s stock.

A number of other research firms also recently weighed in on VNOM. Barclays increased their target price on shares of Viper Energy from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Friday, July 17th. Raymond James Financial set a $57.00 price objective on Viper Energy in a research note on Friday, July 31st. Zacks Research downgraded Viper Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Truist Financial reduced their price objective on Viper Energy from $58.00 to $52.00 and set a “buy” rating for the company in a report on Monday, July 20th. Seventeen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.07.

Viper Energy Price Performance

Shares of NASDAQ:VNOM opened at $41.43 on Monday. The company’s 50-day moving average is $43.63 and its 200 day moving average is $44.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.17 and a current ratio of 6.37. The company has a market capitalization of $14.87 billion, a P/E ratio of 318.72 and a beta of 0.40. Viper Energy has a fifty-two week low of $35.10 and a fifty-two week high of $51.13.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Viper Energy had a net margin of 2.89% and a return on equity of 3.43%. The business had revenue of $677.00 million during the quarter, compared to the consensus estimate of $643.45 million. During the same quarter last year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 127.9% compared to the same quarter last year. On average, equities research analysts forecast that Viper Energy will post 2.39 earnings per share for the current year.

Viper Energy Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.29 per share. This represents a yield of 266.0%. The ex-dividend date is Thursday, August 13th. Viper Energy’s dividend payout ratio (DPR) is currently -475.00%.

Institutional Trading of Viper Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Viper Energy in the 4th quarter worth approximately $27,000. Parallel Advisors LLC raised its holdings in Viper Energy by 31.2% during the 1st quarter. Parallel Advisors LLC now owns 1,354 shares of the oil and gas producer’s stock valued at $64,000 after acquiring an additional 322 shares during the period. UMB Bank n.a. bought a new stake in Viper Energy during the 4th quarter valued at $64,000. Nisa Investment Advisors LLC lifted its position in shares of Viper Energy by 256.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,794 shares of the oil and gas producer’s stock worth $69,000 after acquiring an additional 1,291 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of Viper Energy by 50.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer’s stock worth $75,000 after acquiring an additional 654 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Viper Energy News Summary

Here are the key news stories impacting Viper Energy this week:

• Positive Sentiment: Analyst upgrade: TD raised its price target for Viper Energy from $58 to $59 and assigned a “buy” rating, implying substantial potential upside from recent trading levels. BayStreet.CA analyst ratings
• Positive Sentiment: Strong second-quarter performance: Viper reported $677 million in revenue, exceeding the approximately $643 million consensus estimate. Earnings of $0.76 per share matched expectations, while revenue increased 127.9% year over year, supported by higher production and realized oil prices. VNOM Q2 Earnings Beat Estimates
• Positive Sentiment: Acquisition-led growth: Recent purchases, including the Riverbend acquisition, expand Viper’s asset base and could support cash flow growth if oil and gas prices remain elevated for an extended period. Viper Energy: More Acquisitions
• Positive Sentiment: Shareholder return: Viper declared a $0.29-per-share special dividend, payable August 20 to shareholders of record August 13, providing an additional near-term return catalyst.
• Neutral Sentiment: Additional analyst coverage and mixed analyst opinions were reported, but the available headlines do not establish a uniform consensus beyond TD’s positive call. Johnson Rice Begins Coverage
• Negative Sentiment: The stock remains below its key moving averages, suggesting technical pressure and possible investor caution even after the earnings beat and positive target revision.

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.