Viper Energy (VNOM) Set to Announce Quarterly Earnings on Tuesday

Viper Energy (NASDAQ:VNOM) is scheduled to be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Viper Energy to post earnings of $0.35 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Viper Energy (NASDAQ:VNOM) last released its earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The company had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s revenue was up .5% compared to the same quarter last year. 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 Price Performance

Shares of NASDAQ:VNOM opened at $39.71 on Friday. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 14.71 and a beta of 1.79. Viper Energy has a 1 year low of $24.48 and a 1 year high of $41.22. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $37.66 and a 200 day simple moving average of $33.04.

Viper Energy Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, March 5th were paid a $0.56 dividend. The ex-dividend date was Monday, March 4th. This is a boost from Viper Energy’s previous None dividend of $0.09. This represents a yield of 3%. Viper Energy’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

VNOM has been the subject of a number of analyst reports. Barclays initiated coverage on Viper Energy in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target for the company. Raymond James reduced their target price on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Truist Financial increased their price target on Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Piper Sandler raised their target price on shares of Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.50.

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.