Viper Energy: Upside Exposure To Oil Prices Should Boost Its 2024 Dividend [Seeking Alpha]
Viper Energy, Inc. - Class A (VNOM)
Last viper energy, inc. - class a earnings: 2/11 04:01 pm
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viperenergy.com/news
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Source: Seeking Alpha
Viper is benefiting from higher oil prices, as its hedges don't start limiting its upside until mid-$90s oil. Viper is expected to maintain a 75% payout ratio. If it spends $100 million on share repurchases, its quarterly dividend will average $0.56 to $0.57 during 2024. Diamondback's Endeavor deal may open up opportunities for more dropdown transactions for Viper. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Viper Energy ( NASDAQ: VNOM ) is now projected to generate $3.76 per share in free cash flow at current strip prices for 2024. This is a $0.26 per share increase compared to when I looked at it in January , helped mainly by stronger oil prices. Approximately 56% of Viper's production is oil, and it has full participation in increasing oil prices until oil reaches the mid-$90s. Viper also boosted its total production guidance for 2024 by 1,000 BOEPD and it should benefit from Diamondback's massive Endea
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VNOM
News
- Improved Oil Prices and M&A Transactions Pushed Viper Energy (VNOM) in Q1 [Yahoo! Finance]Yahoo! Finance
- Viper Energy, Inc. (NASDAQ: VNOM) had its price target raised by analysts at Piper Sandler from $36.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Sitio Royalties started with Underweight rating at Barclays as distribution yield lags [Seeking Alpha]Seeking Alpha
- Viper Energy, Inc. (NASDAQ: VNOM) is now covered by analysts at Barclays PLC. They set an "overweight" rating and a $44.00 price target on the stock.MarketBeat
- Viper Energy, Inc. (NASDAQ:VNOM) Shares Could Be 40% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
VNOM
Earnings
- 2/20/24 - Beat
VNOM
Sec Filings
- 4/25/24 - Form 3
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- VNOM's page on the SEC website