Viper Energy (VNOM) Set to Announce Earnings on Tuesday

Viper Energy (NASDAQ:VNOMGet Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Viper Energy Trading Up 3.1 %

NASDAQ VNOM opened at $32.70 on Tuesday. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 14.28 and a beta of 1.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 5.52 and a current ratio of 5.52. Viper Energy has a one year low of $24.48 and a one year high of $32.84. The company’s 50 day moving average price is $31.10 and its 200 day moving average price is $29.53.

Insider Activity at Viper Energy

In other Viper Energy news, major shareholder Royalty & Mineral Mast Warwick sold 9,018,760 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $28.70, for a total value of $258,838,412.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VNOM. Geode Capital Management LLC grew its holdings in Viper Energy by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 62,727 shares of the oil and gas producer’s stock valued at $1,994,000 after purchasing an additional 360 shares during the period. US Bancorp DE grew its stake in Viper Energy by 40.0% during the fourth quarter. US Bancorp DE now owns 1,400 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 400 shares during the period. Creative Planning boosted its position in Viper Energy by 5.5% during the 4th quarter. Creative Planning now owns 15,262 shares of the oil and gas producer’s stock worth $485,000 after purchasing an additional 800 shares during the period. Corient Private Wealth LLC increased its holdings in Viper Energy by 7.5% in the 4th quarter. Corient Private Wealth LLC now owns 12,387 shares of the oil and gas producer’s stock valued at $389,000 after purchasing an additional 869 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Viper Energy by 3.9% during the fourth quarter. UBS Group AG now owns 27,670 shares of the oil and gas producer’s stock valued at $880,000 after purchasing an additional 1,035 shares during the period. 37.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VNOM shares. Evercore ISI reiterated an “outperform” rating and issued a $37.00 target price on shares of Viper Energy in a research report on Thursday, December 7th. StockNews.com cut shares of Viper Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Raymond James dropped their price objective on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, Piper Sandler cut their price target on Viper Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.58.

Read Our Latest Research Report on Viper Energy

About Viper Energy

(Get Free Report)

Viper Energy, Inc owns, acquires, and exploits oil and natural gas properties in North America. It owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. 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.

Featured Articles

Earnings History for Viper Energy (NASDAQ:VNOM)

Receive News & Ratings for Viper Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy and related companies with MarketBeat.com's FREE daily email newsletter.