FY2018 EPS Estimates for Viper Energy Partners LP (VNOM) Reduced by Analyst

Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at SunTrust Banks lowered their FY2018 earnings per share estimates for shares of Viper Energy Partners in a research report issued on Thursday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $1.30 per share for the year, down from their prior estimate of $1.48. SunTrust Banks currently has a “Buy” rating and a $32.00 target price on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ FY2019 earnings at $1.69 EPS and FY2020 earnings at $1.98 EPS.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The company had revenue of $59.20 million during the quarter, compared to analysts’ expectations of $51.28 million. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 112.2% on a year-over-year basis.

A number of other brokerages have also recently issued reports on VNOM. Deutsche Bank began coverage on shares of Viper Energy Partners in a research note on Thursday, February 1st. They issued a “buy” rating and a $27.00 price objective for the company. Zacks Investment Research cut shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and set a $29.00 price target on shares of Viper Energy Partners in a research report on Wednesday, January 17th. Mizuho set a $29.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $25.64.

Shares of Viper Energy Partners (NASDAQ:VNOM) traded down $0.15 during trading on Monday, hitting $23.18. 334,700 shares of the stock were exchanged, compared to its average volume of 522,152. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $26.19. The stock has a market cap of $2,640.00, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.05. The company has a quick ratio of 9.86, a current ratio of 9.86 and a debt-to-equity ratio of 0.10.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CI Global Investments Inc. raised its holdings in Viper Energy Partners by 111.9% in the 3rd 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 raised its holdings in Viper Energy Partners by 27.4% in the 3rd 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 raised its holdings in Viper Energy Partners by 320.9% in the 3rd 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 raised its holdings in Viper Energy Partners by 26.2% in the 2nd 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 raised its holdings in Viper Energy Partners by 28.5% in the 3rd 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 25.96% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 19th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 annualized dividend and a yield of 7.94%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.34. Viper Energy Partners’s dividend payout ratio is presently 128.57%.

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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.

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

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