During the last session, Viper Energy Inc (NASDAQ:VNOM)’s traded shares were 0.85 million, with the beta value of the company hitting 1.72. At the end of the trading day, the stock’s price was $52.16, reflecting an intraday gain of 0.50% or $0.26. The 52-week high for the VNOM share is $53.25, that puts it down -2.09 from that peak though still a striking 48.83% gain since the share price plummeted to a 52-week low of $26.69. The company’s market capitalization is $9.75B, and the average intraday trading volume over the past 10 days was 0.65 million shares, and the average trade volume was 1.43 million shares over the past three months.
Viper Energy Inc (VNOM) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.42. VNOM has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.47.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Viper Energy Inc (NASDAQ:VNOM) trade information
Viper Energy Inc (VNOM) registered a 0.50% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.50% in intraday trading to $52.16, hitting a weekly high. The stock’s 5-day price performance is -0.32%, and it has moved by 7.52% in 30 days. Based on these gigs, the overall price performance for the year is 91.12%. The short interest in Viper Energy Inc (NASDAQ:VNOM) is 8.44 million shares and it means that shorts have 4.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $44, which implies a decrease of -18.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $61 respectively. As a result, VNOM is trading at a discount of -16.95% off the target high and 57.82% off the low.
Viper Energy Inc (VNOM) estimates and forecasts
Statistics show that Viper Energy Inc has underperformed its competitors in share price, compared to the industry in which it operates. Viper Energy Inc (VNOM) shares have gone up 40.87% during the last six months, with a year-to-date growth rate less than the industry average at -26.45% against -13.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -57.30% this quarter and then drop -26.90% in the quarter after that. In the rating firms’ projections, revenue will increase 3.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 209.94M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 225.67M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 293.24M and 204.71M respectively. In this case, analysts expect current quarter sales to shrink by -28.40% and then jump by 10.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 6.03%. While earnings are projected to return -26.43% in 2024, the next five years will return 40.26% per annum.
VNOM Dividends
Viper Energy Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Viper Energy Inc is 1.45, with the dividend yield indicating at 2.78 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 7.13%.
Viper Energy Inc (NASDAQ:VNOM)’s Major holders
Viper Energy Inc insiders own 0.33% of total outstanding shares while institutional holders control 86.58%, with the float percentage being 86.86%. WELLINGTON MANAGEMENT GROUP LLP is the largest shareholder of the company, while 364.0 institutions own stock in it. As of 2024-06-30, the company held over 13.55 million shares (or 15.48% of all shares), a total value of $508.56 million in shares.
The next largest institutional holding, with 8.67 million shares, is of VANGUARD GROUP INC’s that is approximately 9.9011% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $325.28 million.
