Stifel Nicolaus reissued their buy rating on shares of Viper Energy Partners (NASDAQ:VNOM) in a report released on Wednesday, MarketBeat Ratings reports. Stifel Nicolaus currently has a $29.00 price objective on the oil and gas producer’s stock.
VNOM has been the topic of a number of other reports. Barclays set a $20.00 price objective on Viper Energy Partners and gave the company a buy rating in a research note on Monday, October 16th. UBS Group initiated coverage on Viper Energy Partners in a research note on Monday, October 2nd. They issued a neutral rating and a $18.00 price objective on the stock. BidaskClub raised Viper Energy Partners from a buy rating to a strong-buy rating in a research note on Friday, December 15th. Zacks Investment Research downgraded Viper Energy Partners from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, Northland Securities reissued a buy rating and issued a $24.00 price objective on shares of Viper Energy Partners in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $24.58.
Viper Energy Partners (VNOM) opened at $24.78 on Wednesday. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a one year low of $14.76 and a one year high of $25.34. The firm has a market capitalization of $2,725.20, a P/E ratio of 27.19, a P/E/G ratio of 1.23 and a beta of 1.07.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business had revenue of $42.21 million for the quarter, compared to the consensus estimate of $40.88 million. During the same period last year, the business earned $0.12 EPS. The firm’s revenue was up 111.2% compared to the same quarter last year. research analysts predict that Viper Energy Partners will post 0.97 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of VNOM. Penserra Capital Management LLC bought a new position in Viper Energy Partners in the 3rd quarter worth approximately $106,000. Virtu KCG Holdings LLC increased its position in Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 8,357 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock worth $310,000 after buying an additional 1,726 shares during the period. Alps Advisors Inc. bought a new position in Viper Energy Partners in the 3rd quarter worth approximately $514,000. Finally, Scholtz & Company LLC increased its position in Viper Energy Partners by 0.9% in the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock worth $1,089,000 after buying an additional 625 shares during the period. 27.25% of the stock is currently owned by institutional investors.
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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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