Viper Energy Partners (NASDAQ:VNOM) issued its quarterly earnings data on Sunday. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.21 earnings per share.
VNOM stock traded down $0.36 on Tuesday, hitting $18.01. 530,157 shares of the company’s stock were exchanged, compared to its average volume of 637,015. Viper Energy Partners has a 12-month low of $6.52 and a 12-month high of $19.01. The firm has a 50 day moving average price of $16.38 and a two-hundred day moving average price of $13.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $2.81 billion, a P/E ratio of -7.50 and a beta of 2.64.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 11th. Stockholders of record on Thursday, March 4th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.11%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 3rd. Viper Energy Partners’s payout ratio is presently 430.77%.
Several research firms have issued reports on VNOM. KeyCorp raised their price target on shares of Viper Energy Partners from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday, March 22nd. TD Securities increased their price objective on Viper Energy Partners from $15.00 to $19.50 and gave the company a “buy” rating in a research report on Tuesday, February 23rd. Simmons raised Viper Energy Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, April 7th. Finally, Piper Sandler raised Viper Energy Partners from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, April 14th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.23.
About Viper Energy Partners
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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