Viper Energy Partners LP (NASDAQ:VNOM – Free Report) – Equities research analysts at KeyCorp cut their Q2 2023 earnings estimates for Viper Energy Partners in a research report issued to clients and investors on Thursday, July 13th. KeyCorp analyst T. Rezvan now anticipates that the oil and gas producer will earn $0.21 per share for the quarter, down from their previous forecast of $0.25. The consensus estimate for Viper Energy Partners’ current full-year earnings is $1.30 per share. KeyCorp also issued estimates for Viper Energy Partners’ Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.27 EPS, Q1 2024 earnings at $0.31 EPS and Q2 2024 earnings at $0.30 EPS.
Viper Energy Partners (NASDAQ:VNOM – Get Free Report) last released its earnings results on Monday, May 1st. The oil and gas producer reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.27. Viper Energy Partners had a net margin of 20.28% and a return on equity of 7.26%. The business had revenue of $168.96 million for the quarter, compared to the consensus estimate of $161.52 million. During the same period last year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was down 16.3% compared to the same quarter last year.
Viper Energy Partners Price Performance
Shares of Viper Energy Partners stock opened at $25.44 on Monday. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 0.30. Viper Energy Partners has a 1-year low of $24.48 and a 1-year high of $36.10. The firm has a fifty day simple moving average of $26.08 and a 200-day simple moving average of $28.57. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.26 and a beta of 1.89.
Viper Energy Partners Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Thursday, May 11th were paid a $0.33 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $1.32 annualized dividend and a dividend yield of 5.19%. Viper Energy Partners’s dividend payout ratio (DPR) is 44.25%.
Institutional Trading of Viper Energy Partners
Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC acquired a new stake in shares of Viper Energy Partners during the 1st quarter valued at approximately $31,000. Biltmore Wealth Management LLC purchased a new position in shares of Viper Energy Partners during the 4th quarter valued at approximately $518,334,000. State of Wyoming acquired a new stake in shares of Viper Energy Partners in the 4th quarter valued at about $57,000. Chilton Capital Management LLC bought a new position in Viper Energy Partners during the 1st quarter worth approximately $56,000. Finally, Dark Forest Capital Management LP bought a new position in Viper Energy Partners in the fourth quarter worth about $93,000. 37.49% of the stock is currently owned by hedge funds and other institutional investors.
About Viper Energy Partners
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