Viper Energy (VNOM) Expected to Announce Quarterly Earnings on Monday

Viper Energy (NASDAQ:VNOM) is anticipated to release its earnings data after the market closes on Monday, February 24th. Analysts expect Viper Energy to post earnings of $0.41 per share and revenue of $222.76 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Viper Energy Stock Performance

Viper Energy stock opened at $48.33 on Friday. The stock’s 50 day moving average price is $49.36 and its 200 day moving average price is $49.40. The firm has a market capitalization of $10.30 billion, a PE ratio of 20.74 and a beta of 1.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 7.24 and a current ratio of 7.24. Viper Energy has a one year low of $34.45 and a one year high of $56.76.

Viper Energy Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, March 6th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Viper Energy’s previous dividend of $0.22. Viper Energy’s payout ratio is 51.50%.

Analyst Ratings Changes

Several research firms recently commented on VNOM. Raymond James reissued an “outperform” rating and set a $58.00 price target (down from $64.00) on shares of Viper Energy in a research report on Tuesday, February 4th. Barclays boosted their price target on Viper Energy from $58.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group began coverage on Viper Energy in a research report on Monday, December 2nd. They set a “buy” rating and a $70.00 price target on the stock. Bank of America initiated coverage on Viper Energy in a research report on Tuesday, November 26th. They set a “buy” rating and a $64.00 price target on the stock. Finally, Truist Financial cut their target price on Viper Energy from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

About Viper Energy

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.