Viper Energy Inc reports results for the quarter ended March 31 - Earnings Summary

• Viper Energy Inc VNOM.OQ reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 25 cents to 61 cents per share.

• Revenue rose 19.3% to $245.00 million from a year ago; analysts expected $238.77 million.

• Viper Energy Inc's reported EPS for the quarter was 62 cents​.

• The company reported quarterly net income of $75 million.

• Viper Energy Inc shares had fallen by 8.3% this quarter and lost 15.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "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 $53.00

This summary was machine generated from LSEG data May 6 at 05:48 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)