Viper Energy Partners (VNOM) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Viper Energy Partners (NASDAQ:VNOM) released its earnings results on Tuesday. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08, Bloomberg Earnings reports. The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. Viper Energy Partners had a net margin of 64.80% and a return on equity of 14.61%. The firm’s quarterly revenue was up 112.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 EPS.

Shares of Viper Energy Partners (NASDAQ:VNOM) traded down $0.28 on Thursday, reaching $22.86. 436,814 shares of the company’s stock were exchanged, compared to its average volume of 517,706. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $26.19. The stock has a market cap of $2,600.00, a price-to-earnings ratio of 21.77, a P/E/G ratio of 1.14 and a beta of 1.05.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 19th will be issued a dividend of $0.46 per share. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. This represents a $1.84 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date is Thursday, February 15th. Viper Energy Partners’s dividend payout ratio (DPR) is 128.57%.

Several research firms recently issued reports on VNOM. Northland Securities reissued a “buy” rating and issued a $29.00 target price on shares of Viper Energy Partners in a report on Thursday. ValuEngine raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks reissued a “buy” rating and issued a $32.00 target price on shares of Viper Energy Partners in a report on Tuesday. Zacks Investment Research lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Deutsche Bank began coverage on shares of Viper Energy Partners in a report on Thursday, February 1st. They issued a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $25.64.

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About Viper Energy Partners

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

Earnings History for Viper Energy Partners (NASDAQ:VNOM)

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