Viper Energy Partners LP (NASDAQ:VNOM) has been assigned an average rating of “Buy” from the nineteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.06.
A number of research analysts have recently commented on VNOM shares. ValuEngine raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Piper Sandler reduced their target price on shares of Viper Energy Partners from $17.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. BidaskClub cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Citigroup cut their price target on shares of Viper Energy Partners from $35.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Finally, KeyCorp upped their price target on shares of Viper Energy Partners from $10.00 to $13.00 and gave the company an “overweight” rating in a report on Friday, June 12th.
Shares of NASDAQ VNOM traded down $0.09 during trading on Tuesday, reaching $10.36. 1,095,538 shares of the stock were exchanged, compared to its average volume of 1,254,515. The business’s 50-day moving average price is $10.78 and its 200 day moving average price is $15.25. Viper Energy Partners has a twelve month low of $4.98 and a twelve month high of $33.10. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -5.45 and a beta of 2.21.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Monday, May 4th. The oil and gas producer reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.27. Viper Energy Partners had a negative net margin of 41.11% and a positive return on equity of 1.45%. The business had revenue of $78.69 million for the quarter, compared to analysts’ expectations of $75.26 million. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, sell-side analysts expect that Viper Energy Partners will post -0.41 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the business. Global Trust Asset Management LLC acquired a new stake in shares of Viper Energy Partners during the fourth quarter worth $314,000. Heartland Advisors Inc. raised its holdings in shares of Viper Energy Partners by 37.5% during the fourth quarter. Heartland Advisors Inc. now owns 275,000 shares of the oil and gas producer’s stock worth $6,782,000 after purchasing an additional 75,000 shares during the period. ETRADE Capital Management LLC raised its holdings in shares of Viper Energy Partners by 15.7% during the first quarter. ETRADE Capital Management LLC now owns 17,180 shares of the oil and gas producer’s stock worth $114,000 after purchasing an additional 2,329 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Viper Energy Partners by 29.4% during the first quarter. Bank of New York Mellon Corp now owns 83,286 shares of the oil and gas producer’s stock worth $552,000 after purchasing an additional 18,916 shares during the period. Finally, EnCap Energy Capital Fund IX L.P. acquired a new stake in shares of Viper Energy Partners during the fourth quarter worth $127,051,000. 35.44% of the stock is currently owned by institutional investors.
Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.
Featured Story: What is an investor looking for in an SEC filing?
Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.