Viper Energy Partners (VNOM) to Release Earnings on Monday

Viper Energy Partners (NASDAQ:VNOMGet Rating) is set to release its earnings data after the market closes on Monday, May 2nd. Analysts expect Viper Energy Partners to post earnings of $0.26 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last issued its earnings results on Tuesday, February 22nd. The oil and gas producer reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.17. Viper Energy Partners had a net margin of 11.48% and a return on equity of 2.21%. The company had revenue of $165.79 million for the quarter, compared to the consensus estimate of $125.77 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 117.2% compared to the same quarter last year. On average, analysts expect Viper Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ:VNOM opened at $30.15 on Monday. Viper Energy Partners has a 52 week low of $15.98 and a 52 week high of $32.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.54 and a current ratio of 4.54. The company’s fifty day moving average is $29.54 and its 200-day moving average is $25.75. The company has a market capitalization of $5.06 billion, a PE ratio of 38.65 and a beta of 2.21.

The company also recently announced a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, March 4th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.38. Viper Energy Partners’s payout ratio is currently 241.03%.

In other news, major shareholder Holdings L.P. Blackstone III sold 2,168 shares of the business’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $31.09, for a total transaction of $67,403.12. Following the completion of the transaction, the insider now directly owns 12,686,631 shares in the company, valued at approximately $394,427,357.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven E. West sold 60,000 shares of the business’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $28.37, for a total value of $1,702,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 831,436 shares of company stock valued at $24,701,964 over the last three months. Company insiders own 0.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Viper Energy Partners by 36.3% in the 4th quarter. BlackRock Inc. now owns 156,683 shares of the oil and gas producer’s stock valued at $3,339,000 after purchasing an additional 41,735 shares during the period. California State Teachers Retirement System grew its position in shares of Viper Energy Partners by 1.5% in the 4th quarter. California State Teachers Retirement System now owns 49,008 shares of the oil and gas producer’s stock valued at $1,044,000 after purchasing an additional 729 shares during the period. Allstate Corp grew its position in shares of Viper Energy Partners by 12.3% in the 4th quarter. Allstate Corp now owns 31,551 shares of the oil and gas producer’s stock valued at $672,000 after purchasing an additional 3,452 shares during the period. Sei Investments Co. grew its position in shares of Viper Energy Partners by 1.7% in the 4th quarter. Sei Investments Co. now owns 124,480 shares of the oil and gas producer’s stock valued at $2,658,000 after purchasing an additional 2,091 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Viper Energy Partners in the 4th quarter valued at approximately $784,000. Institutional investors own 37.94% of the company’s stock.

Several brokerages have recently commented on VNOM. Piper Sandler boosted their target price on shares of Viper Energy Partners from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. StockNews.com began coverage on Viper Energy Partners in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company lifted their price target on Viper Energy Partners from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 25th. Raymond James lifted their price target on Viper Energy Partners from $29.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, March 25th. Finally, TD Securities lifted their price target on Viper Energy Partners from $27.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Viper Energy Partners presently has an average rating of “Buy” and an average target price of $32.44.

Viper Energy Partners Company Profile (Get Rating)

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.

Further Reading

Earnings History for Viper Energy Partners (NASDAQ:VNOM)

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