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

Shares of Viper Energy Inc. (NASDAQ:VNOM) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.2857.

Several analysts have recently commented on the stock. TD dropped their price objective on shares of Viper Energy from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Mizuho increased their target price on Viper Energy from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley dropped their target price on shares of Viper Energy from $49.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Roth Capital set a $52.00 target price on shares of Viper Energy in a research note on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Viper Energy in a research report on Friday, July 17th.

Viper Energy Stock Performance

Shares of Viper Energy stock opened at $44.61 on Monday. The firm has a market capitalization of $16.02 billion, a P/E ratio of -139.40 and a beta of 0.40. The company has a quick ratio of 6.17, a current ratio of 6.17 and a debt-to-equity ratio of 0.15. Viper Energy has a 52 week low of $35.10 and a 52 week high of $51.13. The company has a 50 day moving average price of $43.82 and a 200 day moving average price of $44.51.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Monday, May 4th. The oil and gas producer reported $0.55 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $511.00 million for the quarter, compared to the consensus estimate of $499.81 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s revenue was up 108.6% on a year-over-year basis. Sell-side analysts expect that Viper Energy will post 2.42 EPS for the current year.

Institutional Investors Weigh In On Viper Energy

Several large investors have recently bought and sold shares of the company. Stephens Inc. AR grew its holdings in Viper Energy by 1.8% in the 1st quarter. Stephens Inc. AR now owns 13,720 shares of the oil and gas producer’s stock valued at $645,000 after buying an additional 245 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Viper Energy by 1.2% in the 1st quarter. Kestra Advisory Services LLC now owns 21,849 shares of the oil and gas producer’s stock valued at $1,027,000 after acquiring an additional 268 shares during the period. HB Wealth Management LLC lifted its stake in Viper Energy by 5.3% during the fourth quarter. HB Wealth Management LLC now owns 6,348 shares of the oil and gas producer’s stock worth $245,000 after purchasing an additional 317 shares in the last quarter. Parallel Advisors LLC lifted its stake 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 acquiring an additional 322 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Viper Energy by 1.8% during the first quarter. Apollon Wealth Management LLC now owns 21,036 shares of the oil and gas producer’s stock worth $988,000 after purchasing an additional 368 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.

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.