Zacks: Analysts Anticipate Viper Energy Partners (VNOM) Will Post Earnings of $0.34 Per Share
Analysts forecast that Viper Energy Partners (NASDAQ:VNOM) will report $0.34 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Viper Energy Partners’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.32. Viper Energy Partners reported earnings per share of $0.22 during the same quarter last year, which suggests a positive year-over-year growth rate of 54.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Viper Energy Partners will report full year earnings of $1.38 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.61. For the next financial year, analysts forecast that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.38 to $1.72. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $59.20 million for the quarter, compared to analysts’ expectations of $51.28 million. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The business’s revenue was up 112.2% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share.
NASDAQ:VNOM opened at $28.71 on Friday. The firm has a market capitalization of $3,205.78, a P/E ratio of 26.56 and a beta of 0.89. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $29.07. The company has a current ratio of 9.86, a quick ratio of 9.86 and a debt-to-equity ratio of 0.10.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 20th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $1.92 annualized dividend and a yield of 6.69%. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.46. Viper Energy Partners’s dividend payout ratio (DPR) is currently 171.96%.
A number of institutional investors have recently made changes to their positions in VNOM. Ameriprise Financial Inc. lifted its position in Viper Energy Partners by 24.7% during the third quarter. Ameriprise Financial Inc. now owns 116,950 shares of the oil and gas producer’s stock valued at $2,180,000 after buying an additional 23,175 shares during the period. Wells Fargo & Company MN lifted its position in Viper Energy Partners by 10.1% during the third quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock valued at $11,135,000 after buying an additional 54,752 shares during the period. GSA Capital Partners LLP lifted its position in Viper Energy Partners by 16.8% during the third quarter. GSA Capital Partners LLP now owns 123,756 shares of the oil and gas producer’s stock valued at $2,307,000 after buying an additional 17,794 shares during the period. Atlantic Trust Group LLC lifted its position in Viper Energy Partners by 237.7% during the third quarter. Atlantic Trust Group LLC now owns 111,075 shares of the oil and gas producer’s stock valued at $2,070,000 after buying an additional 78,184 shares during the period. Finally, Aurora Investment Counsel purchased a new position in Viper Energy Partners during the fourth quarter valued at $3,466,000. 26.90% of the stock is owned by institutional investors and hedge funds.
Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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