Viper Energy (NASDAQ:VNOM) Announces Earnings Results, Beats Expectations By $0.02 EPS

Viper Energy (NASDAQ:VNOM) posted its earnings results on Monday. The oil and gas producer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02, Briefing.com reports. Viper Energy had a return on equity of 6.99% and a net margin of 24.65%. The company had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period last year, the company earned $1.10 earnings per share. The business’s revenue was down 28.5% compared to the same quarter last year.

Viper Energy Stock Up 5.3 %

Shares of VNOM opened at $55.42 on Thursday. Viper Energy has a 52 week low of $27.61 and a 52 week high of $56.08. The firm has a market capitalization of $9.80 billion, a P/E ratio of 23.79 and a beta of 1.72. The company has a 50-day simple moving average of $48.71 and a 200-day simple moving average of $43.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06.

Viper Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VNOM. TD Securities raised their price objective on Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Roth Mkm upped their target price on Viper Energy from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. StockNews.com lowered shares of Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. Finally, Barclays raised their target price on shares of Viper Energy from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.25.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties in the Permian Basin, North America. Viper Energy Partners GP LLC operates as the general partner of the company. The company was formerly known as Viper Energy Partners LP and changed its name to Viper Energy, Inc in November 2023.