Viper Energy Partners (NASDAQ:VNOM) announced its earnings results on Monday. The oil and gas producer reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.36), MarketWatch Earnings reports. Viper Energy Partners had a return on equity of 14.66% and a net margin of 88.05%. The business had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $78.65 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 84.8% compared to the same quarter last year.
Shares of VNOM stock traded up $0.30 on Tuesday, hitting $35.19. The company had a trading volume of 980,838 shares, compared to its average volume of 664,175. The stock has a market cap of $4.50 billion, a PE ratio of 32.89 and a beta of 1.01. The company has a quick ratio of 23.74, a current ratio of 23.74 and a debt-to-equity ratio of 0.36. Viper Energy Partners has a twelve month low of $18.36 and a twelve month high of $44.00.
In other news, President Hof Matthew Kaes Van’t sold 14,800 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $38.71, for a total value of $572,908.00. Following the completion of the transaction, the president now owns 72,473 shares of the company’s stock, valued at approximately $2,805,429.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.30% of the company’s stock.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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