Viper Energy (NASDAQ:VNOM) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Viper Energy (NASDAQ:VNOM) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01, Zacks reports. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%.

Viper Energy Trading Down 2.1 %

Shares of VNOM opened at $47.31 on Tuesday. The company has a market capitalization of $10.08 billion, a PE ratio of 20.30 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. The stock has a fifty day moving average of $49.22 and a two-hundred day moving average of $49.55. Viper Energy has a fifty-two week low of $34.45 and a fifty-two week high of $56.76.

Viper Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, March 6th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This is an increase from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is 51.50%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VNOM shares. Piper Sandler dropped their price target on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI boosted their price target on Viper Energy from $45.00 to $58.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Raymond James restated an “outperform” rating and issued a $58.00 price target (down previously from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.55.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.