Viper Energy (NASDAQ:VNOM – Get Free Report) posted its earnings results on Monday. The oil and gas producer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.19, Zacks reports. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The company had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. During the same period last year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 34.8% compared to the same quarter last year.
Viper Energy Trading Up 9.7 %
Viper Energy stock opened at $43.08 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a 50-day moving average of $39.03 and a 200-day moving average of $37.28. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 15.84 and a beta of 1.74. Viper Energy has a one year low of $26.71 and a one year high of $43.50.
Viper Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a yield of 2.79%. Viper Energy’s dividend payout ratio (DPR) is presently 39.71%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Viper Energy
About Viper Energy
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.
See Also
- Five stocks we like better than Viper Energy
- 3 Stocks to Consider Buying in October
- Lucid Group Stock Gains Traction, But Its Stock Price Won’t
- How to Calculate Return on Investment (ROI)
- 3 Promising Small-Cap AI Stocks for the Next Market Rally
- Health Care Stocks Explained: Why You Might Want to Invest
- Why AST SpaceMobile Stock is a Must-Watch in 2024
Receive News & Ratings for Viper Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy and related companies with MarketBeat.com's FREE daily email newsletter.