We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Viper Energy (VNOM) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
Viper Energy Partners LP (VNOM - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 22, after the closing bell.
In the last reported quarter, the partnership reported breakeven adjusted earnings per unit against the Zacks Consensus Estimate of a loss of 9 cents, thanks to a rise in oil equivalent production volumes and lower per unit operating costs.
Viper Energy beat bottom-line estimates thrice and missed once in the last four quarters, with the average surprise being 137.9%, as shown in the chart below.
Let’s see how things have shaped up prior to the announcement.
Trend in Estimate Revision
The Zacks Consensus Estimate for fourth-quarter loss of 3 cents per share has seen two upward movements and one downward revision in the past 60 days. The figure suggests a year-over-year decline of 200%.
Further, the Zacks Consensus Estimate for revenues is pegged at $56.5 million for the quarter, indicating a decline of 39.1% from the year-ago reported figure.
Factors to Consider
The price of West Texas Intermediate (WTI) crude oil has improved roughly 25% through the December quarter of 2020. The approval of two coronavirus vaccines in the last month of the fourth quarter by U.S. health regulators boosted investor confidence in fuel demand recovery, lifting crude price.
However, the pricing scenario was definitely not as healthy as the pre-pandemic fourth-quarter 2019 levels. In the quarter, price of WTI crude traded consistently above the $50-per-barrel mark. In comparison, through the fourth quarter of 2020, the commodity traded below the mark.
The year-over-year decline in oil price is likely to have hurt the partnership’s bottom line as it has mineral interests in prolific oil-rich shale plays like the Eagle Ford and Permian Basin. Notably, the Zacks Consensus Estimate for the partnership’s oil production for the December quarter is pegged at 1,475 thousand barrels (MBbls), suggesting a decline from 1,516 MBbls a year ago.
Earnings Whispers
Our proven model does not indicate an earnings beat for Viper Energy. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below.
Earnings ESP: The partnership’s Earnings ESP is -537.93%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The partnership currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Though an earnings beat looks uncertain for Viper Energy, here are a few firms that you may want to consider on the basis of our model. These have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
EOG Resources, Inc. (EOG - Free Report) has an Earnings ESP of +16.40% and is a Zacks #2 Ranked player. The company is scheduled to release fourth-quarter results on Feb 25.
Matador Resources Company (MTDR - Free Report) has an Earnings ESP of +19.90% and a Zacks Rank of 1. It is scheduled to report fourth-quarter results on Feb 23.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Viper Energy (VNOM) to Report Q4 Earnings: What's in Store?
Viper Energy Partners LP (VNOM - Free Report) is scheduled to report fourth-quarter 2020 results on Feb 22, after the closing bell.
In the last reported quarter, the partnership reported breakeven adjusted earnings per unit against the Zacks Consensus Estimate of a loss of 9 cents, thanks to a rise in oil equivalent production volumes and lower per unit operating costs.
Viper Energy beat bottom-line estimates thrice and missed once in the last four quarters, with the average surprise being 137.9%, as shown in the chart below.
Viper Energy Partners LP Price and EPS Surprise
Viper Energy Partners LP price-eps-surprise | Viper Energy Partners LP Quote
Let’s see how things have shaped up prior to the announcement.
Trend in Estimate Revision
The Zacks Consensus Estimate for fourth-quarter loss of 3 cents per share has seen two upward movements and one downward revision in the past 60 days. The figure suggests a year-over-year decline of 200%.
Further, the Zacks Consensus Estimate for revenues is pegged at $56.5 million for the quarter, indicating a decline of 39.1% from the year-ago reported figure.
Factors to Consider
The price of West Texas Intermediate (WTI) crude oil has improved roughly 25% through the December quarter of 2020. The approval of two coronavirus vaccines in the last month of the fourth quarter by U.S. health regulators boosted investor confidence in fuel demand recovery, lifting crude price.
However, the pricing scenario was definitely not as healthy as the pre-pandemic fourth-quarter 2019 levels. In the quarter, price of WTI crude traded consistently above the $50-per-barrel mark. In comparison, through the fourth quarter of 2020, the commodity traded below the mark.
The year-over-year decline in oil price is likely to have hurt the partnership’s bottom line as it has mineral interests in prolific oil-rich shale plays like the Eagle Ford and Permian Basin. Notably, the Zacks Consensus Estimate for the partnership’s oil production for the December quarter is pegged at 1,475 thousand barrels (MBbls), suggesting a decline from 1,516 MBbls a year ago.
Earnings Whispers
Our proven model does not indicate an earnings beat for Viper Energy. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here as you will see below.
Earnings ESP: The partnership’s Earnings ESP is -537.93%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: The partnership currently carries a Zacks Rank #3.
Stocks That Warrant a Look
Though an earnings beat looks uncertain for Viper Energy, here are a few firms that you may want to consider on the basis of our model. These have the right combination of elements to post an earnings beat in the upcoming quarterly reports:
Diamondback Energy, Inc. (FANG - Free Report) has an Earnings ESP of +8.58% and a Zacks Rank #2. The company is scheduled to release quarterly earnings on Feb 22. You can see the complete list of today’s Zacks #1 Rank stocks here.
EOG Resources, Inc. (EOG - Free Report) has an Earnings ESP of +16.40% and is a Zacks #2 Ranked player. The company is scheduled to release fourth-quarter results on Feb 25.
Matador Resources Company (MTDR - Free Report) has an Earnings ESP of +19.90% and a Zacks Rank of 1. It is scheduled to report fourth-quarter results on Feb 23.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>