FY2017 EPS Estimates for Viper Energy Partners LP Increased by Analyst (VNOM)

Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at Imperial Capital lifted their FY2017 EPS estimates for Viper Energy Partners in a research report issued on Thursday, Zacks Investment Research reports. Imperial Capital analyst J. Wangler now expects that the oil and gas producer will post earnings of $0.93 per share for the year, up from their prior forecast of $0.88. Imperial Capital currently has a “In-Line” rating and a $23.00 price target on the stock. Imperial Capital also issued estimates for Viper Energy Partners’ Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.29 EPS and Q4 2018 earnings at $0.34 EPS.



Other equities analysts have also issued reports about the stock. TheStreet raised shares of Viper Energy Partners from a “c+” rating to a “b-” rating in a research report on Monday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Viper Energy Partners in a research report on Sunday, September 10th. Northland Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of Viper Energy Partners in a research report on Tuesday, September 5th. Mizuho raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Barclays PLC set a $20.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Viper Energy Partners has a consensus rating of “Buy” and a consensus price target of $21.45.

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Shares of Viper Energy Partners (NASDAQ:VNOM) traded up $0.13 on Friday, hitting $19.95. 107,900 shares of the stock traded hands, compared to its average volume of 235,868. The company has a market capitalization of $2,257.14, a price-to-earnings ratio of 22.52, a PEG ratio of 1.37 and a beta of 1.01. Viper Energy Partners has a 52 week low of $14.27 and a 52 week high of $20.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 8.92 and a quick ratio of 8.92.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The company’s quarterly revenue was up 111.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 earnings per share.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC bought a new position in Viper Energy Partners during the 1st quarter worth approximately $20,725,000. Envestnet Asset Management Inc. bought a new position in Viper Energy Partners during the 1st quarter worth approximately $121,000. Ameriprise Financial Inc. increased its stake in shares of Viper Energy Partners by 83.9% in the 1st quarter. Ameriprise Financial Inc. now owns 96,116 shares of the oil and gas producer’s stock valued at $1,728,000 after acquiring an additional 43,852 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Viper Energy Partners in the 2nd quarter valued at $1,510,000. Finally, CI Global Investments Inc. increased its stake in shares of Viper Energy Partners by 6.0% in the 2nd quarter. CI Global Investments Inc. now owns 1,934,200 shares of the oil and gas producer’s stock valued at $30,367,000 after acquiring an additional 108,705 shares in the last quarter. Institutional investors and hedge funds own 15.64% of the company’s stock.

In other Viper Energy Partners news, Director Michael L. Hollis acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $16.07 per share, for a total transaction of $40,175.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be issued a $0.337 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Monday, November 6th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.33. Viper Energy Partners’s dividend payout ratio (DPR) is 153.41%.

Viper Energy Partners Company Profile

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

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Earnings History and Estimates for Viper Energy Partners (NASDAQ:VNOM)

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