Viper Energy Partners LP (NASDAQ:VNOM) is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.1 per share.
Looking ahead, the full year loss are expected at $ 0.18 per share on the revenues of $ 211.84 million.
Previous Quarter Performance
Viper Energy Partners LP announced income for the first quarter of $ 0.21 per share, from the revenue of $ 78.69 million. The quarterly earnings shrunk 65.57 percent while revenues boosted 13.11 percent compared with the same quarter last year. Street analysts expected $ 81.08 million. The top line results fell short of analysts by $ 2.39 million or 2.95 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VNOM was $ 10.34, representing a 107.63 % increase from the 52 week low of $ 4.98 and a 68.76 % decrease over the 52 week high of $ 33.10.
The company has a market capital of $ 1.64 billion and is part of the Energy sector and Oil & Gas Midstream industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Outperform rating, with $ 13.00 target price.
- On 29th June 2020, maintained by UBS Group at Buy rating, with $ 16.00 target price.
- On 12th June 2020, maintained by KeyBanc at Overweight rating, with $ 13.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on May 4, 2020. The dividend were payable on May 21, 2020 to holders of record as of the close of business on May 14, 2020 and ex-dividend date on May 13, 2020.
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company.
