Viper Energy (NASDAQ:VNOM) Announces Earnings Results

Viper Energy (NASDAQ:VNOM - Get Free Report) posted its earnings results on Monday. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02, Briefing.com reports. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The firm had revenue of $209.59 million during the quarter, compared to the consensus estimate of $210.54 million. During the same period in the prior year, the company earned $1.10 EPS. The company's quarterly revenue was down 28.5% compared to the same quarter last year.

Viper Energy Trading Down 0.6 %

Shares of NASDAQ:VNOM traded down $0.31 on Tuesday, hitting $52.63. 1,489,743 shares of the company's stock were exchanged, compared to its average volume of 1,093,714. Viper Energy has a 12 month low of $27.61 and a 12 month high of $54.66. The stock has a market capitalization of $9.31 billion, a price-to-earnings ratio of 18.48 and a beta of 1.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The business's 50 day simple moving average is $48.47 and its two-hundred day simple moving average is $42.94.

Analyst Ratings Changes

VNOM has been the topic of a number of research reports. Roth Mkm boosted their target price on shares of Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays upped their price objective on Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a report on Wednesday, October 2nd. TD Securities increased their price target on Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, September 12th. Finally, Piper Sandler lifted their price objective on shares of Viper Energy from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.38.

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.