Viper Energy, Inc. (NASDAQ:VNOM - Get Free Report) declared a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the oil and gas producer on Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, November 14th.
Viper Energy has increased its dividend payment by an average of 15.2% per year over the last three years. Viper Energy has a dividend payout ratio of 64.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Viper Energy to earn $2.31 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 58.9%.
Shares of VNOM traded up $2.11 during trading hours on Wednesday, hitting $54.74. 89,375 shares of the company were exchanged, compared to its average volume of 1,089,042. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 22.59 and a beta of 1.72. The firm's fifty day moving average is $48.56 and its 200 day moving average is $43.04. Viper Energy has a fifty-two week low of $27.61 and a fifty-two week high of $54.87. 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 (NASDAQ:VNOM - Get Free Report) last released its earnings results on Monday, November 4th. The oil and gas producer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Viper Energy had a net margin of 24.65% and a return on equity of 6.99%. The firm had revenue of $209.59 million for the quarter, compared to analyst estimates of $210.54 million. During the same period last year, the firm earned $1.10 EPS. The business's quarterly revenue was down 28.5% compared to the same quarter last year. On average, equities analysts anticipate that Viper Energy will post 2.03 earnings per share for the current fiscal year.
Several research analysts have commented on VNOM shares. TD Securities boosted their price objective on shares of Viper Energy from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, September 12th. Barclays raised their price objective on Viper Energy from $52.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday. Piper Sandler lifted their price target on shares of Viper Energy from $57.00 to $61.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target on Viper Energy from $41.00 to $44.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, Roth Mkm raised their price objective on Viper Energy from $46.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $50.38.
Get Our Latest Analysis on 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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