Viper is one of my Top Picks in our High Yield Income Portfolio for growth. It has steady production locked in thanks to its relationship to Diamondback Energy (FANG).
VNOM closed today at $43.08. My current valuation is $45.00, but it has much more upside if my 2025 forecast is accurate.
My updated forecast/valuation has been posted to the EPG website.
TipRanks: "In the last 3 months, 6 ranked analysts set 12-month price targets for VNOM. The average price target among the analysts is $44.00." < Three analysts have updated their price targets since Viper released Q2 results and updated guidance. Their current price targets are $54, $44 and $47.
Based on my forecast, Viper's Base + Variable dividends should total $2.52 for 2024. That's annual yield of ~5.8%.
Based on my 2025 forecast, Viper's dividends could increase to $4.20 next year if WTI averages $80/bbl.
Viper Energy (VNOM) Valuation Update - Aug 6
Viper Energy (VNOM) Valuation Update - Aug 6
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group