Viper Energy Inc VNOM.OQ reported quarterly adjusted earnings of 41 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 17 cents to 57 cents per share.
Revenue rose 11.7% to $228.70 million from a year ago; analysts expected $222.70 million.
Viper Energy Inc's reported EPS for the quarter was $2.04.
The company reported quarterly net income of $210.07 million.
Viper Energy Inc shares had fallen by 3.6% this quarter.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.3% in the last three months.
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"
Wall Street's median 12-month price target for Viper Energy Inc is $60.00
This summary was machine generated from LSEG data February 25 at 07:54 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)