Viper Energy Partners (NASDAQ:VNOM) Issues Earnings Results


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Viper Energy Partners (NASDAQ:VNOM) announced its quarterly earnings data on Sunday. The oil and gas producer reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.14), MarketWatch Earnings reports. Viper Energy Partners had a negative net margin of 60.82% and a positive return on equity of 0.67%. During the same period last year, the firm posted $0.21 earnings per share.

Shares of VNOM stock traded down $0.30 on Tuesday, reaching $18.07. The stock had a trading volume of 15,737 shares, compared to its average volume of 638,204. Viper Energy Partners has a 1 year low of $6.52 and a 1 year high of $19.01. The company has a 50 day simple moving average of $16.35 and a 200 day simple moving average of $13.44. The stock has a market cap of $2.82 billion, a P/E ratio of -7.53 and a beta of 2.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 11th. Stockholders of record on Thursday, March 4th were paid a $0.14 dividend. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.10. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Wednesday, March 3rd. Viper Energy Partners’s dividend payout ratio (DPR) is 430.77%.

Several brokerages recently issued reports on VNOM. KeyCorp lifted their target price on Viper Energy Partners from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Monday, March 22nd. Piper Sandler raised Viper Energy Partners from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Wednesday, April 14th. TD Securities lifted their price target on Viper Energy Partners from $15.00 to $19.50 and gave the stock a “buy” rating in a report on Tuesday, February 23rd. Finally, Simmons upgraded Viper Energy Partners from a “neutral” rating to an “overweight” rating in a report on Wednesday, April 7th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $15.23.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2020, it had mineral interests in 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 99,392 thousand barrels of crude oil equivalent.

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Earnings History for Viper Energy Partners (NASDAQ:VNOM)

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