Viper Energy Inc. (VNOM) To Go Ex-Dividend on November 12th

Viper Energy Inc. (NASDAQ:VNOM) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.50 per share by the oil and gas producer on Thursday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, November 12th.

Viper Energy has increased its dividend payment by an average of 0.3% annually over the last three years. Viper Energy has a payout ratio of 111.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Viper Energy to earn $2.82 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 70.9%.

Viper Energy Trading Down 1.0%

NASDAQ VNOM opened at $40.20 on Tuesday. The company has a quick ratio of 6.37, a current ratio of 5.92 and a debt-to-equity ratio of 0.23. The firm has a market cap of $14.44 billion, a PE ratio of 17.55 and a beta of 0.49. The company has a 50 day moving average price of $43.53 and a 200 day moving average price of $44.42. Viper Energy has a 52 week low of $35.10 and a 52 week high of $51.13.

Viper Energy (NASDAQ:VNOM) last posted its earnings results on Monday, November 2nd. The oil and gas producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.03. Viper Energy had a net margin of 12.08% and a return on equity of 4.24%. The company had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $625.18 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Viper Energy’s revenue for the quarter was up 58.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Viper Energy will post 2.92 EPS for the current fiscal year.

Viper Energy Company Profile

Viper Energy, Inc owns and acquires mineral and royalty interests in oil and natural gas properties. Rather than serving primarily as a drilling operator, the company earns revenue from production on acreage where other companies conduct exploration and development.

Its interests are concentrated in the Permian Basin of West Texas and southeastern New Mexico, including the Midland and Delaware sub-basins. Viper’s business is tied to activity by the operators that develop the underlying properties.

Originally formed as Viper Energy Partners LP in 2014 as an affiliate of Diamondback Energy, the company later converted to a corporation and adopted the Viper Energy, Inc name.