Zacks Research Lowers Earnings Estimates for Viper Energy

Viper Energy Inc. (NASDAQ:VNOM) – Analysts at Zacks Research reduced their FY2027 earnings estimates for shares of Viper Energy in a research note issued to investors on Thursday, December 18th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $1.90 for the year, down from their previous estimate of $1.93. The consensus estimate for Viper Energy’s current full-year earnings is $2.02 per share.

VNOM has been the subject of a number of other research reports. TD Securities set a $54.00 target price on Viper Energy in a report on Tuesday, September 30th. KeyCorp reduced their price objective on shares of Viper Energy from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Viper Energy in a report on Wednesday, October 8th. Wall Street Zen cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Finally, Jefferies Financial Group assumed coverage on shares of Viper Energy in a research report on Thursday, October 23rd. They set a “hold” rating and a $38.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Viper Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.20.

Viper Energy Stock Performance

NASDAQ:VNOM opened at $38.23 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.15 and a current ratio of 1.88. Viper Energy has a 52-week low of $34.71 and a 52-week high of $52.10. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 17.87 and a beta of 0.48. The business’s fifty day moving average is $37.66 and its 200 day moving average is $38.31.

Viper Energy (NASDAQ:VNOM) last issued 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 net margin of 20.62% and a return on equity of 3.09%. The business had revenue of $418.00 million for the quarter, compared to analysts’ expectations of $389.35 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 98.1% compared to the same quarter last year.

Viper Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 13th were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.5%. Viper Energy’s dividend payout ratio is presently 54.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC bought a new stake in shares of Viper Energy in the 2nd quarter worth approximately $608,000. JPMorgan Chase & Co. raised its holdings in shares of Viper Energy by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 303,909 shares of the oil and gas producer’s stock valued at $11,588,000 after acquiring an additional 39,867 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Viper Energy in the second quarter worth $505,000. Horizon Kinetics Asset Management LLC lifted its stake in Viper Energy by 6.1% in the second quarter. Horizon Kinetics Asset Management LLC now owns 1,711,181 shares of the oil and gas producer’s stock worth $65,247,000 after acquiring an additional 98,742 shares during the period. Finally, Jump Financial LLC boosted its holdings in Viper Energy by 190.7% in the first quarter. Jump Financial LLC now owns 93,000 shares of the oil and gas producer’s stock valued at $4,199,000 after acquiring an additional 61,005 shares in the last quarter. 87.72% of the stock is currently 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.