Viper Energy (VNOM) Expected to Announce Quarterly Earnings on Monday

Viper Energy (NASDAQ:VNOM - Get Free Report) will likely be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $221.57 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Viper Energy Stock Performance

Viper Energy stock traded up $0.11 during mid-day trading on Wednesday, reaching $50.47. 1,046,148 shares of the company traded hands, compared to its average volume of 1,823,114. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. Viper Energy has a fifty-two week low of $34.45 and a fifty-two week high of $56.76. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 21.66 and a beta of 1.71. The firm's fifty day moving average is $49.38 and its two-hundred day moving average is $49.39.

Viper Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VNOM shares. StockNews.com lowered shares of Viper Energy from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Barclays upped their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group began coverage on shares of Viper Energy in a report on Monday, December 2nd. They issued a "buy" rating and a $70.00 price objective on the stock. Piper Sandler dropped their price objective on shares of Viper Energy from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Finally, Bank of America began coverage on shares of Viper Energy in a report on Tuesday, November 26th. They issued a "buy" rating and a $64.00 price objective on the stock. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Viper Energy currently has a consensus rating of "Moderate Buy" and a consensus target price 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.