Viper Energy Partners LP (VNOM) Plans Quarterly Dividend of $0.46
Viper Energy Partners LP (NASDAQ:VNOM) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Investors of record on Monday, February 19th will be given a dividend of 0.46 per share by the oil and gas producer on Monday, February 26th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.94%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.34.
Viper Energy Partners (NASDAQ VNOM) opened at $23.18 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 9.86 and a quick ratio of 9.86. Viper Energy Partners has a 1 year low of $14.76 and a 1 year high of $26.19. The firm has a market capitalization of $2,640.00, a price-to-earnings ratio of 22.08, a P/E/G ratio of 1.14 and a beta of 1.05.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. The business had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. During the same quarter last year, the company posted $0.19 EPS. Viper Energy Partners’s revenue for the quarter was up 112.2% on a year-over-year basis. research analysts expect that Viper Energy Partners will post 1.36 earnings per share for the current fiscal year.
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Viper Energy Partners Company Profile
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
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