Viper Energy Inc. (NASDAQ:VNOM - Get Free Report) declared a dividend on Wednesday, August 6th, NASDAQ Dividends reports. Investors of record on Thursday, August 14th will be paid a dividend of 0.53 per share by the oil and gas producer on Thursday, August 21st. The ex-dividend date is Thursday, August 14th.
Viper Energy has a dividend payout ratio of 60.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Viper Energy to earn $1.90 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 56.8%.
Viper Energy Price Performance
VNOM stock traded up $0.88 during trading on Wednesday, hitting $38.32. 3,879,595 shares of the stock traded hands, compared to its average volume of 1,650,883. Viper Energy has a one year low of $34.71 and a one year high of $56.76. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 16.81 and a beta of 0.99. The company has a 50 day simple moving average of $38.95 and a 200 day simple moving average of $42.07. The company has a current ratio of 6.15, a quick ratio of 8.70 and a debt-to-equity ratio of 0.13.
Viper Energy (NASDAQ:VNOM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Viper Energy had a net margin of 37.84% and a return on equity of 3.92%. The firm had revenue of $297.00 million during the quarter, compared to analysts' expectations of $285.35 million. During the same quarter last year, the company posted $0.62 EPS. The company's quarterly revenue was up 37.1% compared to the same quarter last year. Equities analysts expect that Viper Energy will post 2.02 EPS for the current fiscal year.
About Viper Energy
(
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Viper Energy, Inc engages in the acquisition of oil and natural gas properties. It owns, acquires, and exploits oil and natural gas properties in North America. The company was founded on February 27, 2014 and is headquartered in Midland, TX.
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