Viper Energy (NASDAQ:VNOM – Get Free Report) released its earnings results on Monday. The oil and gas producer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.19, Zacks reports. The business had revenue of $216.71 million for the quarter, compared to analysts’ expectations of $216.28 million. Viper Energy had a net margin of 24.24% and a return on equity of 8.10%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share.
Viper Energy Stock Up 2.6 %
NASDAQ VNOM traded up $1.10 during trading hours on Wednesday, reaching $44.18. 953,814 shares of the company traded hands, compared to its average volume of 955,602. The stock has a market capitalization of $7.81 billion, a PE ratio of 16.39 and a beta of 1.74. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 0.38. Viper Energy has a 12 month low of $26.71 and a 12 month high of $45.19. The company has a 50 day moving average of $39.12 and a two-hundred day moving average of $37.37.
Viper Energy Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 15th will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Viper Energy’s dividend payout ratio (DPR) is presently 39.71%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on VNOM
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.
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