Viper Energy (NASDAQ:VNOM) Issues Earnings Results

Viper Energy (NASDAQ:VNOM) posted its earnings results on Monday. The oil and gas producer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02, Briefing.com reports. The business had revenue of $209.59 million for the quarter, compared to the consensus estimate of $210.54 million. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS.

Viper Energy Stock Down 0.6 %

VNOM stock opened at $52.63 on Wednesday. The firm has a 50 day moving average of $48.56 and a 200 day moving average of $43.04. The stock has a market capitalization of $9.31 billion, a PE ratio of 22.59 and a beta of 1.72. The company has a quick ratio of 7.06, a current ratio of 7.06 and a debt-to-equity ratio of 0.35. Viper Energy has a 52 week low of $27.61 and a 52 week high of $54.66.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. TD Securities raised their price target on shares of Viper Energy from $46.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Truist Financial raised their price target on shares of Viper Energy from $54.00 to $57.00 and gave the company a “buy” rating in a report on Monday, October 21st. Roth Mkm raised their price target on shares of Viper Energy from $46.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. StockNews.com cut shares of Viper Energy from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Viper Energy from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.38.

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.