Viper Energy (NASDAQ:VNOM) Issues Earnings Results

Viper Energy (NASDAQ:VNOM) released its quarterly earnings results on Monday. The oil and gas producer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01, Zacks reports. Viper Energy had a return on equity of 6.72% and a net margin of 24.65%.

Viper Energy Stock Down 2.1 %

VNOM opened at $47.31 on Tuesday. The business’s 50-day simple moving average is $49.22 and its 200-day simple moving average is $49.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy has a one year low of $34.45 and a one year high of $56.76. The stock has a market capitalization of $10.08 billion, a P/E ratio of 20.30 and a beta of 1.71.

Viper Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, March 6th. This is a boost from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

A number of research analysts have commented on VNOM shares. Barclays upped their price target on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Bank of America began coverage on Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Truist Financial reduced their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price objective on Viper Energy from $43.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.