Viper Energy Inc. (NASDAQ:VNOM) Receives Consensus Rating of “Buy” from Brokerages

Viper Energy Inc. (NASDAQ:VNOM) has earned a consensus recommendation of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $55.80.

A number of equities research analysts have recently weighed in on the stock. Bank of America cut their target price on shares of Viper Energy from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. William Blair started coverage on shares of Viper Energy in a research report on Monday, August 25th. They set an “outperform” rating for the company. Mizuho lifted their price target on shares of Viper Energy from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Morgan Stanley started coverage on shares of Viper Energy in a research report on Monday, August 18th. They set an “overweight” rating and a $46.00 price target for the company. Finally, Evercore ISI lifted their price target on shares of Viper Energy from $49.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th.

Viper Energy Trading Down 0.6%

Shares of VNOM opened at $38.99 on Friday. The firm’s 50-day moving average price is $38.05 and its 200-day moving average price is $40.15. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 17.55 and a beta of 1.04. The company has a current ratio of 6.15, a quick ratio of 6.15 and a debt-to-equity ratio of 0.13. Viper Energy has a 1-year low of $34.71 and a 1-year high of $56.76.

Viper Energy (NASDAQ:VNOM) last announced its earnings results on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $297.00 million for the quarter, compared to analyst estimates of $285.35 million. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. Sell-side analysts anticipate that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 14th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Viper Energy’s dividend payout ratio (DPR) is 38.15%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new position in Viper Energy during the 2nd quarter valued at about $27,000. UMB Bank n.a. raised its holdings in Viper Energy by 129.0% in the first quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 414 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Viper Energy in the first quarter worth about $34,000. AlphaQuest LLC purchased a new position in Viper Energy in the first quarter worth about $41,000. Finally, Assetmark Inc. raised its holdings in Viper Energy by 48.7% in the second quarter. Assetmark Inc. now owns 1,068 shares of the oil and gas producer’s stock worth $41,000 after buying an additional 350 shares during the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

Viper Energy Company Profile

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.