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TD Cowen Reiterates "Buy" Rating on Viper Energy, Raises Price Target to $59
TD Cowen analyst Aaron Bilkoski reiterated a "Buy" rating on Viper Energy (VNOM) and slightly raised its price target from $58 to $59. Viper Energy reported its Q2 2026 results and announced a 32% increase in its base dividend, effective Q3 2026, with the new base dividend yielding 4.5% on an annualized basis. The company eliminated its quarterly commitment to return at least 75% of distributable cash to increase flexibility for share repurchases and M&A.
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