Viper Energy (VNOM) to Release Quarterly Earnings on Monday

Viper Energy (NASDAQ:VNOM) is scheduled to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings results on Monday, August 5th. The oil and gas producer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. The business had revenue of $216.71 million for the quarter, compared to analyst estimates of $216.28 million. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. Viper Energy’s revenue for the quarter was up 34.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. 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 Down 0.2 %

Shares of VNOM opened at $52.33 on Monday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 19.24 and a beta of 1.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 7.06 and a current ratio of 7.06. The business’s fifty day moving average price is $47.89 and its two-hundred day moving average price is $42.41. Viper Energy has a 52 week low of $27.61 and a 52 week high of $53.25.

Viper Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 15th were given a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.29%. Viper Energy’s payout ratio is 44.12%.

Wall Street Analyst Weigh In

A number of research analysts have commented on VNOM shares. Barclays increased their price objective on Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Roth Mkm increased their price objective on Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price objective on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, July 8th. JPMorgan Chase & Co. raised their price target on Viper Energy from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Truist Financial raised their price target on Viper Energy from $54.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.