Viper Energy Partners (NASDAQ:VNOM) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Monday.
Other analysts have also recently issued research reports about the stock. 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. Northland Securities reiterated a “buy” rating and issued a $29.00 price objective on shares of Viper Energy Partners in a research note on Thursday, February 8th. Stifel Nicolaus lifted their price objective on shares of Viper Energy Partners from $29.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. ValuEngine upgraded shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Mizuho set a $29.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $27.77.
Shares of Viper Energy Partners opened at $30.11 on Monday, Marketbeat reports. Viper Energy Partners has a twelve month low of $29.51 and a twelve month high of $30.72. The company has a quick ratio of 21.64, a current ratio of 21.64 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 28.14 and a beta of 0.88.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, May 1st. The oil and gas producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Viper Energy Partners had a net margin of 66.59% and a return on equity of 15.74%. The business had revenue of $62.44 million during the quarter, compared to analysts’ expectations of $62.09 million. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s revenue was up 85.6% on a year-over-year basis. equities research analysts expect that Viper Energy Partners will post 1.49 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in VNOM. Spirit of America Management Corp NY bought a new position in Viper Energy Partners in the 4th quarter valued at about $3,021,000. Investment House LLC bought a new stake in shares of Viper Energy Partners during the 4th quarter valued at approximately $223,000. Thompson Davis & CO. Inc. grew its holdings in shares of Viper Energy Partners by 940.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock valued at $121,000 after purchasing an additional 4,700 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Viper Energy Partners by 825.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 297,925 shares of the oil and gas producer’s stock valued at $6,951,000 after purchasing an additional 265,725 shares during the last quarter. Finally, Adirondack Research & Management Inc. bought a new stake in shares of Viper Energy Partners during the 4th quarter valued at approximately $554,000. 26.56% of the stock is currently owned by hedge funds and other institutional investors.
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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