Viper Energy Partners LP (NASDAQ:VNOM) is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.04 per share.
For the full year, analysts predict revenues of $ 217.70 million, while looking forward to loss of $ 0.08 per share.
Previous Quarter Performance
Viper Energy Partners LP posted loss for the second quarter of $ 0.04 per share, from the revenue of $ 32.67 million. The quarterly revenues declined 54.74 percent compared with the same quarter last year. According to street consensus, VNOM was expected to report 2Q20 loss of $ 0.10 per share from revenue of $ 34.87 million. The bottom line results beat street analysts by $ 0.06 or 60.00 percent, at the same time, top line results fell short of analysts by $ 2.2 million or 6.31 percent.
Stock Performance
On Friday, shares of Viper Energy Partners LP has traded high as $ 7.06 and has cracked $ 6.75 on the downward trend, reaching $ 7.01 with volume of 1.15 million shares.
According to the previous trading day, closing price of $ 7.01, representing a 40.56 % increase from the 52 week low of $ 4.98 and a 73.91 % decrease over the 52 week high of $ 26.83.
The company has a market capital of $ 1.11 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Scotiabank at Sector Outperform rating, with $ 13.00 target price.
- On 18th September 2020, maintained by Piper Sandler at Neutral rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.03 per share to holders of record as of the close of business on August 13, 2020, with payment date of August 20, 2020 and ex-dividend date on August 12, 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.
