Viper Energy Partners (NASDAQ:VNOM) Announces Earnings Results, Misses Estimates By $0.14 EPS


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

Shares of VNOM stock traded down $0.21 during midday trading on Tuesday, reaching $18.16. 17,389 shares of the company were exchanged, compared to its average volume of 638,204. Viper Energy Partners has a 12 month low of $6.52 and a 12 month high of $19.01. 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 has a market cap of $2.83 billion, a P/E ratio of -7.53 and a beta of 2.64. The company’s 50 day moving average price is $16.35 and its two-hundred day moving average price is $13.44.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 11th. Investors of record on Thursday, March 4th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Wednesday, March 3rd. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.10. Viper Energy Partners’s dividend payout ratio is currently 430.77%.

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