Viper Energy Partners (NASDAQ:VNOM) – Investment analysts at SunTrust Banks raised their Q1 2018 EPS estimates for Viper Energy Partners in a research note issued on Monday, April 16th. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will earn $0.35 per share for the quarter, up from their previous forecast of $0.29. SunTrust Banks has a “Buy” rating and a $35.00 price target on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS and Q4 2018 earnings at $0.38 EPS.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. The firm had revenue of $59.20 million for the quarter, compared to analysts’ expectations of $51.28 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up 112.2% compared to the same quarter last year.
Several other brokerages have also recently commented on VNOM. BidaskClub raised Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 12th. Imperial Capital set a $30.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a report on Monday, April 2nd. Deutsche Bank began coverage on Viper Energy Partners in a report on Thursday, February 1st. They set a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research cut Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $29.00 target price on shares of Viper Energy Partners in a report on Wednesday, January 17th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $27.38.
Shares of NASDAQ:VNOM opened at $28.71 on Tuesday. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $29.07. The company has a market cap of $3,205.78, a P/E ratio of 26.83 and a beta of 0.89. The company has a current ratio of 9.86, a quick ratio of 9.86 and a debt-to-equity ratio of 0.10.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Viper Energy Partners by 3.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,954,771 shares of the oil and gas producer’s stock valued at $92,265,000 after buying an additional 121,683 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in shares of Viper Energy Partners by 24.0% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,528,595 shares of the oil and gas producer’s stock valued at $35,656,000 after buying an additional 295,395 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Viper Energy Partners by 10.1% in the third quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock valued at $11,135,000 after buying an additional 54,752 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Viper Energy Partners by 135.4% in the fourth quarter. Deutsche Bank AG now owns 374,922 shares of the oil and gas producer’s stock valued at $8,746,000 after buying an additional 215,622 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Viper Energy Partners by 825.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 297,925 shares of the oil and gas producer’s stock valued at $6,951,000 after buying an additional 265,725 shares in the last quarter. 26.90% of the stock is currently owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 20th will be issued a $0.48 dividend. The ex-dividend date is Thursday, April 19th. This represents a $1.92 annualized dividend and a dividend yield of 6.69%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.46. Viper Energy Partners’s dividend payout ratio is currently 171.96%.
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About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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