NasdaqGS:VNOMOil and Gas
Viper Energy (VNOM) Stock Price Slips As Profit Rebounds Meet Rich P/E
Viper Energy came into this earnings print with a rich valuation, a trailing P/E near 140x and a recent 90 day share price decline of about 11%. The stock then slipped another 3.1% to about US$42 after the release, even as the quarter delivered a sharp rebound in profitability.
The headline this time is earnings power. Q2 basic earnings per share landed at roughly US$0.73 on US$673m of revenue, a clean swing back into solid profit after last year’s one off damage. Investors now have to weigh...