Zacks Research Boosts Earnings Estimates for Viper Energy

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

VNOM has been the topic of several other reports. Raymond James Financial increased their target price on shares of Viper Energy from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 26th. Roth Mkm reissued a “buy” rating and set a $54.00 target price on shares of Viper Energy in a research report on Tuesday, May 5th. KeyCorp increased their target price on shares of Viper Energy from $56.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Jefferies Financial Group raised shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, April 13th. Finally, Barclays increased their target price on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Viper Energy presently has a consensus rating of “Buy” and an average price target of $58.38.

Viper Energy Price Performance

VNOM opened at $46.37 on Friday. The company has a current ratio of 6.17, a quick ratio of 6.17 and a debt-to-equity ratio of 0.15. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of -144.90 and a beta of 0.38. Viper Energy has a 1 year low of $35.10 and a 1 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.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.The business’s revenue for the quarter was up 108.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share.

Institutional Investors Weigh In On Viper Energy

A number of hedge funds have recently bought and sold shares of VNOM. Los Angeles Capital Management LLC bought a new stake in Viper Energy during the fourth quarter valued at about $27,000. Ameriflex Group Inc. bought a new stake in Viper Energy during the third quarter valued at about $38,000. Parallel Advisors LLC boosted its holdings in Viper Energy by 68.3% during the third quarter. Parallel Advisors LLC now owns 1,400 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 568 shares during the period. Fifth Third Bancorp boosted its holdings in Viper Energy by 151.8% during the third quarter. Fifth Third Bancorp now owns 1,536 shares of the oil and gas producer’s stock valued at $59,000 after acquiring an additional 926 shares during the period. Finally, UMB Bank n.a. bought a new stake in Viper Energy during the fourth quarter valued at about $64,000. 87.72% of the stock is currently owned by institutional investors.

Viper Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, May 14th. Viper Energy’s dividend payout ratio is -475.00%.

Viper Energy Company Profile

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.