Viper Energy (NASDAQ:VNOM) Announces Quarterly Earnings Results

Viper Energy (NASDAQ:VNOM) announced its quarterly earnings data on Monday. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02, Briefing.com reports. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The business had revenue of $209.59 million during the quarter, compared to analysts’ expectations of $210.54 million. During the same period in the previous year, the business posted $1.10 EPS. The business’s quarterly revenue was down 28.5% compared to the same quarter last year.

Viper Energy Price Performance

Shares of NASDAQ VNOM opened at $52.63 on Wednesday. The firm has a market cap of $9.31 billion, a PE ratio of 22.59 and a beta of 1.72. The firm has a fifty day moving average of $48.56 and a 200 day moving average of $43.04. 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 has a one year low of $27.61 and a one year high of $54.66.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VNOM. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Viper Energy from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Roth Mkm lifted their price objective on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, TD Securities lifted their target price on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.38.

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.