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

Viper Energy (NASDAQ:VNOM) issued its earnings results on Monday. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, topping 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 NASDAQ VNOM traded down $1.02 during trading hours on Monday, reaching $47.31. The stock had a trading volume of 2,112,126 shares, compared to its average volume of 1,832,473. The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.25. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 20.30 and a beta of 1.71. The business’s fifty day moving average price is $49.30 and its two-hundred day moving average price is $49.54. Viper Energy has a 52-week low of $34.45 and a 52-week high of $56.76.

Viper Energy Increases Dividend

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

Wall Street Analyst Weigh In

VNOM has been the topic of several analyst reports. Truist Financial reduced their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Piper Sandler reduced their price objective on Viper Energy from $64.00 to $63.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. boosted their price objective on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Viper Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, Viper Energy has an average rating of “Moderate Buy” and a consensus price target of $59.55.

About Viper Energy

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.