Viper Energy Partners (NASDAQ:VNOM) released its earnings results on Sunday. The oil and gas producer reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ 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 period in the previous year, the company earned $0.21 EPS.
Shares of VNOM stock traded down $0.36 during trading hours on Tuesday, reaching $18.01. The company had a trading volume of 28,829 shares, compared to its average volume of 638,204. Viper Energy Partners has a twelve month low of $6.52 and a twelve month high of $19.01. The stock’s fifty day simple moving average is $16.35 and its 200 day simple moving average is $13.44. 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 capitalization of $2.81 billion, a P/E ratio of -7.53 and a beta of 2.64.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 11th. Stockholders of record on Thursday, March 4th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.10. Viper Energy Partners’s dividend payout ratio (DPR) is 430.77%.
Several equities analysts recently weighed in on VNOM shares. Simmons upgraded Viper Energy Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, April 7th. Piper Sandler upgraded Viper Energy Partners from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, April 14th. TD Securities upped their price target on Viper Energy Partners from $15.00 to $19.50 and gave the stock a “buy” rating in a research note on Tuesday, February 23rd. Finally, KeyCorp upped their price target on Viper Energy Partners from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus 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.