Viper Energy (VNOM) Set to Announce Earnings on Monday

Viper Energy (NASDAQ:VNOM) is scheduled to release its earnings data after the market closes on Monday, August 5th. Analysts expect Viper Energy to post earnings of $0.45 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Viper Energy Stock Performance

Viper Energy stock opened at $40.25 on Friday. The stock has a market cap of $7.12 billion, a P/E ratio of 14.80 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. The stock has a 50 day moving average of $39.00 and a 200-day moving average of $37.17. Viper Energy has a 52 week low of $26.71 and a 52 week high of $43.29.

Analyst Upgrades and Downgrades

VNOM has been the subject of several research analyst reports. Truist Financial increased their target price on Viper Energy from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. TD Securities increased their target price on Viper Energy from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Evercore ISI increased their target price on Viper Energy from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, July 8th. Barclays initiated coverage on Viper Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $44.00 target price for the company. Finally, Piper Sandler increased their target price on Viper Energy from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.71.

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.