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

Viper Energy Inc. (NASDAQ:VNOM) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $54.20.

VNOM has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Viper Energy from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Jefferies Financial Group began coverage on Viper Energy in a research note on Thursday, October 23rd. They issued a “hold” rating and a $38.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Viper Energy in a research note on Wednesday, October 8th. Roth Capital set a $50.00 price target on shares of Viper Energy and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, William Blair assumed coverage on shares of Viper Energy in a research note on Monday, August 25th. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Oaktree Capital Management LP bought a new stake in shares of Viper Energy in the third quarter worth $240,215,000. Vanguard Group Inc. boosted its holdings in shares of Viper Energy by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 16,906,846 shares of the oil and gas producer’s stock worth $646,180,000 after buying an additional 3,699,141 shares during the period. Capital World Investors lifted its holdings in Viper Energy by 18.7% during the 3rd quarter. Capital World Investors now owns 12,423,354 shares of the oil and gas producer’s stock worth $474,821,000 after purchasing an additional 1,957,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Viper Energy by 21.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,996,351 shares of the oil and gas producer’s stock worth $451,336,000 after purchasing an additional 1,778,093 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in Viper Energy by 763.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 1,799,642 shares of the oil and gas producer’s stock valued at $81,254,000 after buying an additional 1,591,212 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Viper Energy Trading Down 0.8%

NASDAQ:VNOM opened at $40.34 on Friday. The firm has a market cap of $14.50 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 18.41 and a beta of 0.48. The company’s 50 day moving average is $37.61 and its 200-day moving average is $38.33. Viper Energy has a 12 month low of $34.71 and a 12 month high of $52.60. The company has a quick ratio of 6.15, a current ratio of 1.88 and a debt-to-equity ratio of 0.20.

Viper Energy (NASDAQ:VNOM) last released 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 return on equity of 3.09% and a net margin of 20.62%.The firm had revenue of $418.00 million for the quarter, compared to analyst estimates of $389.35 million. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was up 98.1% on a year-over-year basis. Equities analysts anticipate that Viper Energy will post 2.02 EPS for the current 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 paid 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 3.3%. Viper Energy’s dividend payout ratio is 54.55%.

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.