What is KeyCorp’s Forecast for Viper Energy FY2024 Earnings?

Viper Energy, Inc. (NASDAQ:VNOM) – Stock analysts at KeyCorp lowered their FY2024 earnings per share (EPS) estimates for shares of Viper Energy in a research note issued to investors on Thursday, December 12th. KeyCorp analyst T. Rezvan now forecasts that the oil and gas producer will post earnings per share of $2.18 for the year, down from their previous estimate of $2.26. KeyCorp currently has a “Overweight” rating and a $62.00 target price on the stock. The consensus estimate for Viper Energy’s current full-year earnings is $2.01 per share. KeyCorp also issued estimates for Viper Energy’s Q4 2024 earnings at $0.57 EPS, Q1 2025 earnings at $0.59 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.62 EPS, FY2025 earnings at $2.39 EPS, Q1 2026 earnings at $0.61 EPS, Q2 2026 earnings at $0.59 EPS, Q3 2026 earnings at $0.60 EPS and FY2026 earnings at $2.43 EPS.

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

Several other equities analysts have also issued reports on VNOM. TD Securities boosted their price target on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Truist Financial upped their price objective on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price target on shares of Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Bank of America initiated coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.18.

Viper Energy Trading Down 1.8 %

NASDAQ:VNOM opened at $50.24 on Monday. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 21.56 and a beta of 1.71. Viper Energy has a 12 month low of $30.21 and a 12 month high of $56.76. The company has a quick ratio of 7.24, a current ratio of 7.24 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average is $52.45 and its 200-day moving average is $46.17.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.39%. Viper Energy’s dividend payout ratio is currently 51.50%.

Institutional Trading of Viper Energy

Large investors have recently made changes to their positions in the company. FMR LLC increased its position in shares of Viper Energy by 4,836.9% during the 3rd quarter. FMR LLC now owns 74,596 shares of the oil and gas producer’s stock valued at $3,365,000 after purchasing an additional 73,085 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Viper Energy in the third quarter valued at $984,000. Amalgamated Bank bought a new stake in shares of Viper Energy during the second quarter valued at about $616,000. Summit Global Investments purchased a new stake in Viper Energy in the 3rd quarter worth approximately $706,000. Finally, Retirement Systems of Alabama purchased a new stake in shares of Viper Energy in the third quarter worth $12,980,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

About Viper Energy

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.