Viper Energy (NASDAQ:VNOM) Releases Earnings Results, Beats Estimates By $0.02 EPS

Viper Energy (NASDAQ:VNOM) issued its quarterly earnings results on Monday. The oil and gas producer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same quarter last year, the business posted $1.10 EPS. Viper Energy’s revenue was down 28.5% on a year-over-year basis.

Viper Energy Stock Up 5.3 %

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

Viper Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Thursday, November 14th. Viper Energy’s payout ratio is currently 51.50%.

Wall Street Analyst Weigh In

VNOM has been the topic of several analyst reports. Barclays lifted their target price on shares of Viper Energy from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Truist Financial raised their target price on Viper Energy from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler upped their price target on Viper Energy from $57.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered Viper Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.25.

About Viper Energy

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.