Viper Energy (NASDAQ:VNOM – Get Free Report) posted its earnings results on Monday. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.19, Zacks reports. The firm had revenue of $216.71 million during the quarter, compared to the consensus estimate of $216.28 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The company’s revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share.
Viper Energy Price Performance
VNOM stock opened at $43.08 on Wednesday. The firm has a 50 day simple moving average of $39.03 and a two-hundred day simple moving average of $37.28. The stock has a market cap of $7.62 billion, a PE ratio of 15.84 and a beta of 1.74. Viper Energy has a one year low of $26.71 and a one year high of $43.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46.
Viper Energy Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, August 15th. Viper Energy’s dividend payout ratio is currently 39.71%.
Analysts Set New Price Targets
Get Our Latest Stock Report on VNOM
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.
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