Viper Energy Partners (NASDAQ:VNOM) has been given a $27.00 price target by investment analysts at Imperial Capital in a research note issued on Tuesday, December 19th. The firm presently has a “buy” rating on the oil and gas producer’s stock. Imperial Capital’s price objective would indicate a potential upside of 12.83% from the stock’s previous close. Imperial Capital also issued estimates for Viper Energy Partners’ Q4 2017 earnings at $0.25 EPS, Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.20 EPS.
VNOM has been the subject of a number of other reports. Citigroup lifted their price target on Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Barclays set a $20.00 price target on Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, October 16th. Northland Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of Viper Energy Partners in a report on Thursday, October 12th. Credit Suisse Group began coverage on Viper Energy Partners in a report on Monday, December 11th. They set an “outperform” rating and a $25.00 price target for the company. Finally, BidaskClub raised Viper Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $23.36.
Viper Energy Partners (VNOM) traded up $0.39 during trading hours on Tuesday, reaching $23.93. The company had a trading volume of 390,264 shares, compared to its average volume of 381,189. The stock has a market capitalization of $2,730.00, a price-to-earnings ratio of 27.51, a PEG ratio of 1.23 and a beta of 1.06. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $24.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92.
Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million during the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. Viper Energy Partners’s revenue was up 111.2% compared to the same quarter last year. During the same period last year, the business posted $0.12 earnings per share. equities analysts anticipate that Viper Energy Partners will post 0.96 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. CI Global Investments Inc. increased its position in shares of Viper Energy Partners by 111.9% during the third quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock worth $76,397,000 after purchasing an additional 2,164,352 shares in the last quarter. Boston Partners increased its position in shares of Viper Energy Partners by 27.4% during the third quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock worth $39,654,000 after purchasing an additional 457,308 shares in the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Viper Energy Partners by 320.9% during the third quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock worth $37,206,000 after purchasing an additional 1,521,773 shares in the last quarter. FMR LLC increased its position in shares of Viper Energy Partners by 26.2% during the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after purchasing an additional 302,400 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of Viper Energy Partners by 28.5% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,233,200 shares of the oil and gas producer’s stock worth $22,984,000 after purchasing an additional 273,200 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.
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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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