Viper Energy (VNOM) Scheduled to Post Quarterly Earnings on Tuesday

Viper Energy (NASDAQ:VNOM) is set to 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. Investors that wish to listen to the company’s conference call can do so using this link.

Viper Energy (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, February 20th. The oil and gas producer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.20. Viper Energy had a net margin of 24.17% and a return on equity of 8.29%. The business had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $204.61 million. During the same quarter last year, the company earned $0.28 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. 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 $39.14 on Tuesday. The firm’s 50 day moving average is $37.20 and its two-hundred day moving average is $32.73. The firm has a market capitalization of $6.92 billion, a P/E ratio of 14.50 and a beta of 1.79. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.38. Viper Energy has a 52 week low of $24.48 and a 52 week high of $41.22.

Viper Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Viper Energy from $47.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com downgraded shares of Viper Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Raymond James cut their price objective on Viper Energy from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, January 24th. Piper Sandler boosted their target price on Viper Energy from $36.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Barclays started coverage on Viper Energy in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $44.00 price target for the company. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Viper Energy has an average rating of “Moderate Buy” and a consensus target price of $40.50.

About Viper Energy

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.