Viper Energy (VNOM) to Release Earnings on Tuesday

Viper Energy (NASDAQ:VNOM) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Viper Energy to post earnings of $0.35 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Viper Energy (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. The firm had revenue of $204.70 million during the quarter, compared to analyst estimates of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company’s revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.28 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 Trading Up 0.3 %

VNOM opened at $39.14 on Tuesday. The firm has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $32.73. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.32. Viper Energy has a fifty-two week low of $24.48 and a fifty-two week high of $41.22. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 14.50 and a beta of 1.79.

Viper Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, March 5th were issued a $0.56 dividend. This represents a yield of 3%. The ex-dividend date was Monday, March 4th. This is an increase from Viper Energy’s previous None dividend of $0.09. Viper Energy’s dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VNOM shares. Raymond James reduced their price target on shares of Viper Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. StockNews.com cut Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Piper Sandler lifted their price target on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday. Barclays assumed coverage on shares of Viper Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $44.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.50.

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.