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

Viper Energy (NASDAQ:VNOM) is projected to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $222.76 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Viper Energy Trading Down 3.7 %

Shares of Viper Energy stock opened at $48.33 on Friday. 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 1 year low of $34.45 and a 1 year high of $56.76. The company has a market capitalization of $10.30 billion, a P/E ratio of 20.74 and a beta of 1.71. The business has a 50 day moving average price of $49.36 and a 200 day moving average price of $49.40.

Viper Energy Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be given a dividend of $0.65 per share. This is an increase from Viper Energy’s previous dividend of $0.22. The ex-dividend date of this dividend is Thursday, March 6th. Viper Energy’s payout ratio is currently 51.50%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America assumed coverage on Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price objective for the company. Barclays lifted their price objective on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on Viper Energy from $43.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Truist Financial cut their price objective on Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, KeyCorp upgraded Viper Energy from a “sector weight” rating to an “overweight” rating and set a $62.00 price target for the company in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Viper Energy currently has an average rating of “Moderate Buy” and a consensus price target of $59.55.

Viper Energy Company Profile

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.