Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
MIDLAND, Texas - Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG), has released its financial and operational update for the first quarter of 2025. According to InvestingPro data, Diamondback Energy, currently trading at $130.22, appears undervalued despite its recent 21.85% YTD decline. The company disclosed this information amidst current market volatility, citing the flexibility to pursue its stock repurchase program.
In the first quarter of 2025, Viper Energy achieved an average production of 31,311 barrels of oil per day (bo/d), translating to 57,367 barrels of oil equivalent per day (boe/d). The average realized prices for its products were $71.33 per barrel of oil, $24.52 per barrel of natural gas liquids, and $2.08 per thousand cubic feet (Mcf) of natural gas, without hedging. With hedging, the prices were slightly lower for oil at $70.26 per barrel, while natural gas liquids remained the same, and natural gas increased to $3.74 per Mcf. Additionally, the company realized hedging gains of $9.1 million during this period. Parent company Diamondback Energy maintains a healthy 75.73% gross profit margin and offers an attractive 5.12% dividend yield, as reported by InvestingPro.
Moving into the second quarter, as of April 15, 2025, Viper Energy has repurchased 176,771 shares of common stock for approximately $6.6 million, excluding excise tax, at a weighted average price of $37.27 per share. The company still has a substantial $427.6 million remaining in its share buyback authorization. For deeper insights into Diamondback Energy’s valuation and financial health, access the comprehensive Pro Research Report available exclusively on InvestingPro, covering over 1,400 US stocks.
Viper Energy’s forward-looking statements within the press release indicate the company’s expectations for future performance, business strategies, and operational plans. These include projections of operating income, production levels, reserve estimates, and strategic transaction benefits. However, these statements are subject to various risks and uncertainties, such as changes in commodity supply and demand, global political events, and regulatory developments, which could cause actual results to differ materially from expectations.
The company’s investor relations contact, Chip Seale, can be reached for further details. It’s important to note that this news article is based on a press release statement from Viper Energy, Inc.
In other recent news, Diamondback Energy has announced the issuance of $1.2 billion in senior notes, maturing in 2035, as part of a public offering. This financial move is part of the company’s strategy to manage its capital structure and maintain flexibility. In terms of analyst ratings, Citi has upgraded Diamondback Energy’s stock from Neutral to Buy, raising the price target to $180, citing the company’s operational efficiency and low break-even oil price. CFRA also upgraded the stock from Buy to Strong Buy, increasing the price target to $204, based on valuation models and anticipated improvements in natural gas takeaway capacity. Mizuho has adjusted its price target to $194 but maintained an Outperform rating, highlighting the company’s robust financial position and potential for shareholder returns. Benchmark reaffirmed a Buy rating with a $195 price target, expecting the company’s first-quarter earnings to align with market expectations. These developments reflect Diamondback Energy’s strategic initiatives and its positioning in the energy sector amidst fluctuating global energy prices.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.