Viper Energy (NASDAQ:VNOM) Releases Earnings Results, Beats Estimates By $0.06 EPS

Viper Energy (NASDAQ:VNOM) posted its quarterly earnings results on Monday. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06, Briefing.com reports. Viper Energy had a return on equity of 8.46% and a net margin of 25.63%. The business had revenue of $209.59 million for the quarter, compared to analysts’ expectations of $210.54 million. During the same period last year, the firm earned $1.10 earnings per share. The business’s quarterly revenue was down 28.5% on a year-over-year basis.

Viper Energy Stock Performance

VNOM stock opened at $52.94 on Tuesday. Viper Energy has a 1-year low of $27.61 and a 1-year high of $53.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 7.06. The company has a market capitalization of $9.36 billion, a P/E ratio of 18.13 and a beta of 1.72. The business has a 50-day moving average price of $48.47 and a 200 day moving average price of $42.94.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VNOM. Truist Financial upped their price target on Viper Energy from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Roth Mkm lifted their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore ISI raised their target price on shares of Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, July 8th. TD Securities lifted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Barclays upped their target price on shares of Viper Energy from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Viper Energy has a consensus rating of “Moderate Buy” and an average 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.