Viper Energy (NASDAQ:VNOM – Get Free Report) issued its quarterly earnings data on Monday. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03, FiscalAI reports. The firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $625.18 million. Viper Energy had a return on equity of 3.43% and a net margin of 2.89%.
Viper Energy Price Performance
Shares of Viper Energy stock traded down $1.96 on Monday, reaching $45.72. 2,177,463 shares of the stock were exchanged, compared to its average volume of 2,242,937. The firm’s 50 day moving average is $43.84 and its 200-day moving average is $44.29. Viper Energy has a one year low of $35.10 and a one year high of $51.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.37 and a current ratio of 6.37. The firm has a market cap of $16.42 billion, a PE ratio of 351.72 and a beta of 0.48.
Wall Street Analysts Forecast Growth
VNOM has been the subject of a number of research reports. Roth Capital reissued a “buy” rating on shares of Viper Energy in a report on Tuesday, August 4th. Truist Financial lifted their price target on shares of Viper Energy from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Royal Bank Of Canada lifted their price target on shares of Viper Energy from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. Seaport Research Partners began coverage on Viper Energy in a research note on Thursday, September 3rd. They issued a “buy” rating and a $45.00 price target for the company. Finally, Scotiabank assumed coverage on Viper Energy in a research report on Wednesday, October 14th. They set a “sector outperform” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $56.56.
Check Out Our Latest Research Report on VNOM
Viper Energy Company Profile
Viper Energy, Inc (NASDAQ: VNOM) owns mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin of West Texas and New Mexico. The company’s interests are concentrated in the Midland and Delaware basins, two of the most active producing regions in the United States.
Viper generally does not operate wells or directly conduct drilling and completion activities. Instead, it leases its mineral interests to exploration and production companies and receives royalty, overriding royalty and other mineral-related payments from the sale of hydrocarbons produced on those properties.
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