Viper Energy (NASDAQ:VNOM) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Viper Energy (NASDAQ:VNOM) from a hold rating to a sell rating in a report published on Wednesday.

Several other equities analysts have also commented on VNOM. KeyCorp decreased their price target on Viper Energy from $62.00 to $56.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company cut their price target on shares of Viper Energy from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Piper Sandler decreased their price objective on shares of Viper Energy from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Viper Energy from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group set a $72.00 target price on shares of Viper Energy in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.31.

Viper Energy Trading Down 0.8 %

Shares of VNOM opened at $40.56 on Wednesday. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $41.44 and its 200-day simple moving average is $47.33. Viper Energy has a twelve month low of $34.71 and a twelve month high of $56.76. The company has a market cap of $8.64 billion, a P/E ratio of 17.41 and a beta of 1.05.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Monday, May 5th. The oil and gas producer reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.09. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $233.99 million. During the same quarter last year, the business posted $0.49 EPS. As a group, analysts expect that Viper Energy will post 2.02 EPS for the current year.

Viper Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, May 15th. Viper Energy’s dividend payout ratio (DPR) is currently 31.58%.

Institutional Investors Weigh In On Viper Energy

Several hedge funds have recently bought and sold shares of VNOM. Golden State Wealth Management LLC acquired a new stake in shares of Viper Energy during the 4th quarter valued at $25,000. Quarry LP acquired a new position in shares of Viper Energy during the 4th quarter worth $32,000. Assetmark Inc. boosted its holdings in Viper Energy by 321.7% in the fourth quarter. Assetmark Inc. now owns 679 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Viper Energy by 129.0% during the 1st quarter. UMB Bank n.a. now owns 735 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 414 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Viper Energy by 43.9% in the 4th quarter. First Horizon Advisors Inc. now owns 701 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other institutional investors.

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.