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

Shares of Viper Energy, Inc. (NASDAQ:VNOM) have been given an average recommendation of “Buy” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is $58.18.

Several research analysts have recently weighed in on VNOM shares. Bank of America assumed coverage on shares of Viper Energy in a report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective on the stock. KeyCorp raised shares of Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target on the stock in a research note on Friday, December 13th. JPMorgan Chase & Co. lifted their price target on shares of Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Raymond James upped their price objective on Viper Energy from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, TD Securities lifted their target price on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th.

Viper Energy Trading Up 2.4 %

Shares of VNOM opened at $51.07 on Friday. Viper Energy has a fifty-two week low of $30.21 and a fifty-two week high of $56.76. The company has a market capitalization of $9.62 billion, a PE ratio of 21.92 and a beta of 1.73. The stock has a fifty day moving average of $51.67 and a two-hundred day moving average of $47.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The firm had revenue of $209.59 million during the quarter, compared to analyst estimates of $210.54 million. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was down 28.5% compared to the same quarter last year. As a group, analysts forecast that Viper Energy will post 2.01 EPS for the current year.

Viper Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.35%. Viper Energy’s payout ratio is currently 51.50%.

Hedge Funds Weigh In On Viper Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in shares of Viper Energy by 328.5% during the third quarter. Farther Finance Advisors LLC now owns 587 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC increased its stake in Viper Energy by 208.1% during the 3rd quarter. GAMMA Investing LLC now owns 681 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 460 shares during the period. International Assets Investment Management LLC acquired a new position in Viper Energy in the 2nd quarter worth $36,000. National Bank of Canada FI lifted its holdings in Viper Energy by 524.8% in the 3rd quarter. National Bank of Canada FI now owns 1,387 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 1,165 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Viper Energy during the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 87.72% of the company’s stock.

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.