Q2 2018 EPS Estimates for Viper Energy Partners LP Lowered by Analyst (VNOM)

Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at Piper Jaffray Companies dropped their Q2 2018 EPS estimates for shares of Viper Energy Partners in a note issued to investors on Sunday, May 20th. Piper Jaffray Companies analyst D. Kistler now expects that the oil and gas producer will post earnings of $0.40 per share for the quarter, down from their previous forecast of $0.46. Piper Jaffray Companies has a “Buy” rating and a $33.00 price target on the stock. Piper Jaffray Companies also issued estimates for Viper Energy Partners’ Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.56 EPS, Q1 2019 earnings at $0.40 EPS and Q2 2019 earnings at $0.44 EPS.

VNOM has been the topic of a number of other reports. SunTrust Banks set a $35.00 price objective on shares of Viper Energy Partners and gave the company a “buy” rating in a research report on Monday, April 16th. ValuEngine raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 21st. BidaskClub raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 12th. Imperial Capital set a $30.00 target price on shares of Viper Energy Partners and gave the stock a “buy” rating in a research report on Monday, April 2nd. Finally, Citigroup boosted their target price on shares of Viper Energy Partners from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Viper Energy Partners presently has an average rating of “Buy” and an average target price of $27.77.

Shares of Viper Energy Partners opened at $32.69 on Wednesday, according to MarketBeat Ratings. Viper Energy Partners has a 52 week low of $14.76 and a 52 week high of $33.63. The company has a market cap of $3.73 billion, a P/E ratio of 30.55 and a beta of 0.88. The company has a current ratio of 21.64, a quick ratio of 21.64 and a debt-to-equity ratio of 0.27.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, May 1st. The oil and gas producer reported $0.37 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $62.44 million for the quarter, compared to the consensus estimate of $62.09 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue was up 85.6% on a year-over-year basis.

Several institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Viper Energy Partners by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 79,384 shares of the oil and gas producer’s stock worth $1,852,000 after buying an additional 3,361 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Viper Energy Partners by 940.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock worth $121,000 after buying an additional 4,700 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Viper Energy Partners by 259.5% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 7,550 shares of the oil and gas producer’s stock worth $192,000 after buying an additional 5,450 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Viper Energy Partners by 4.8% in the first quarter. GSA Capital Partners LLP now owns 130,749 shares of the oil and gas producer’s stock worth $3,322,000 after buying an additional 6,017 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Viper Energy Partners by 103.0% in the first quarter. Citigroup Inc. now owns 12,738 shares of the oil and gas producer’s stock worth $324,000 after buying an additional 6,464 shares during the last quarter. Institutional investors and hedge funds own 25.62% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.87%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Thursday, April 19th. Viper Energy Partners’s payout ratio is presently 179.44%.

Viper Energy Partners Company Profile

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.

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

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