Viper Energy (VNOM) to Release Quarterly Earnings on Monday

Viper Energy (NASDAQ:VNOM) is projected to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.41 per share and revenue of $222.76 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Viper Energy Stock Performance

Shares of NASDAQ VNOM opened at $48.33 on Friday. The firm has a fifty day moving average price of $49.30 and a 200-day moving average price of $49.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 7.24 and a quick ratio of 7.24. The stock has a market cap of $10.30 billion, a PE ratio of 20.74 and a beta of 1.71. Viper Energy has a 1 year low of $34.45 and a 1 year high of $56.76.

Viper Energy Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be paid a dividend of $0.65 per share. This is a boost from Viper Energy’s previous dividend of $0.22. The ex-dividend date is Thursday, March 6th. Viper Energy’s dividend payout ratio (DPR) is presently 51.50%.

Wall Street Analyst Weigh In

VNOM has been the subject of several research analyst reports. Truist Financial cut their target price on shares of Viper Energy from $78.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Barclays lifted their price objective on shares of Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Bank of America started coverage on shares of Viper Energy in a research note on Tuesday, November 26th. They issued a “buy” rating and a $64.00 price objective for the company. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group started coverage on shares of Viper Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Viper Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Viper Energy Company Profile

Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.