Viper Energy Partners (NASDAQ:VNOM) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Viper Energy Partners (NASDAQ:VNOM) announced its quarterly earnings data on Sunday. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.14), MarketWatch Earnings reports. Viper Energy Partners had a negative net margin of 60.82% and a positive return on equity of 0.67%. During the same period in the previous year, the firm posted $0.21 earnings per share.

NASDAQ VNOM traded down $0.36 on Tuesday, reaching $18.01. The stock had a trading volume of 28,829 shares, compared to its average volume of 638,204. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. Viper Energy Partners has a 12-month low of $6.52 and a 12-month high of $19.01. The business’s 50-day moving average price is $16.35 and its 200 day moving average price is $13.44. The stock has a market cap of $2.81 billion, a P/E ratio of -7.53 and a beta of 2.64.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 11th. Shareholders of record on Thursday, March 4th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 3.11%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.10. Viper Energy Partners’s payout ratio is currently 430.77%.

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price objective on Viper Energy Partners from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, March 22nd. TD Securities lifted their price objective on Viper Energy Partners from $15.00 to $19.50 and gave the company a “buy” rating in a research note on Tuesday, February 23rd. Simmons upgraded Viper Energy Partners from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 7th. Finally, Piper Sandler upgraded Viper Energy Partners from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, April 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $15.23.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2020, it had mineral interests in 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 99,392 thousand barrels of crude oil equivalent.

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Earnings History for Viper Energy Partners (NASDAQ:VNOM)

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