Viper Energy Inc. (NASDAQ:VNOM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Viper Energy Inc. (NASDAQ:VNOM) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.2857.

A number of research firms have recently weighed in on VNOM. Mizuho raised their price target on shares of Viper Energy from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Jefferies Financial Group raised shares of Viper Energy from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Monday, April 13th. Roth Capital set a $52.00 price objective on shares of Viper Energy in a research note on Wednesday, July 15th. Raymond James Financial set a $57.00 price objective on shares of Viper Energy in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Viper Energy in a research report on Friday, July 17th.

Hedge Funds Weigh In On Viper Energy

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in Viper Energy during the fourth quarter valued at approximately $27,000. Parallel Advisors LLC lifted 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 worth $64,000 after buying an additional 322 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of Viper Energy in the 4th quarter worth approximately $64,000. Nisa Investment Advisors LLC grew its position in shares of Viper Energy by 256.7% in the 4th 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 increased its holdings in shares of Viper Energy by 50.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,940 shares of the oil and gas producer’s stock valued at $75,000 after acquiring an additional 654 shares during the last quarter. 87.72% of the stock is currently owned by institutional investors and hedge funds.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $44.61 on Monday. Viper Energy has a fifty-two week low of $35.10 and a fifty-two week high of $51.13. The business has a 50 day moving average price of $43.82 and a two-hundred day moving average price of $44.57. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. The firm has a market cap of $16.02 billion, a PE ratio of -139.40 and a beta of 0.40.

Viper Energy (NASDAQ:VNOM) last posted its quarterly earnings data on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.12. Viper Energy had a positive return on equity of 2.64% and a negative net margin of 2.77%.The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $499.81 million. During the same period in the previous year, the business earned $0.54 EPS. Viper Energy’s revenue for the quarter was up 108.6% compared to the same quarter last year. Sell-side analysts expect that Viper Energy will post 2.42 earnings per share for the current fiscal year.

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.