Viper Energy (VNOM) to Release Earnings on Monday

Viper Energy (NASDAQ:VNOM - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Viper Energy to post earnings of $0.43 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Viper Energy (NASDAQ:VNOM - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The oil and gas producer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.19. The firm had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a net margin of 25.63% and a return on equity of 8.46%. The business's quarterly revenue was up 34.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, analysts expect Viper Energy to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Viper Energy Stock Performance

Shares of VNOM traded down $0.97 during trading hours on Monday, reaching $51.36. 750,169 shares of the company traded hands, compared to its average volume of 1,099,201. The stock has a market capitalization of $9.08 billion, a P/E ratio of 17.50 and a beta of 1.73. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy has a 12-month low of $27.61 and a 12-month high of $53.25. The business has a fifty day moving average price of $47.89 and a 200-day moving average price of $42.43.

Viper Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, August 15th. Viper Energy's payout ratio is 41.10%.

Analysts Set New Price Targets

Several research firms have commented on VNOM. JPMorgan Chase & Co. upped their price objective on Viper Energy from $41.00 to $44.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. TD Securities upped their target price on Viper Energy from $46.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th. Evercore ISI upped their target price on Viper Energy from $37.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, July 8th. Roth Mkm upped their target price on Viper Energy from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Piper Sandler upped their target price on Viper Energy from $57.00 to $61.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.