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

Viper Energy (NASDAQ:VNOM) will issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Viper Energy (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.20. The business had revenue of $204.70 million during the quarter, compared to the consensus estimate of $204.61 million. Viper Energy had a return on equity of 8.29% and a net margin of 24.17%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share. 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 company has a debt-to-equity ratio of 0.38, a quick ratio of 4.32 and a current ratio of 4.32. The company has a market cap of $7.02 billion, a PE ratio of 14.71 and a beta of 1.79. The business has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $33.04. Viper Energy has a fifty-two week low of $24.48 and a fifty-two week high of $41.22.

Viper Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on VNOM. StockNews.com downgraded Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Truist Financial lifted their target price on Viper Energy from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Raymond James decreased their price target on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, January 24th. Barclays initiated coverage on Viper Energy in a report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target for the company. Finally, Piper Sandler boosted their price target on Viper Energy from $36.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.