Viper Energy Partners (VNOM) Rating Lowered to Buy at BidaskClub

BidaskClub lowered shares of Viper Energy Partners (NASDAQ:VNOM) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

Several other research analysts also recently commented on the stock. Piper Jaffray Companies reaffirmed a buy rating and issued a $33.00 price target on shares of Viper Energy Partners in a research note on Wednesday, April 18th. Citigroup downgraded shares of Viper Energy Partners from a buy rating to a neutral rating in a research note on Wednesday, February 21st. SunTrust Banks reaffirmed a buy rating and issued a $32.00 price target on shares of Viper Energy Partners in a research note on Tuesday, February 6th. Stifel Nicolaus downgraded shares of Viper Energy Partners from a buy rating to a hold rating and set a $32.00 price target on the stock. in a research note on Monday. Finally, ValuEngine raised shares of Viper Energy Partners from a buy rating to a strong-buy rating in a research note on Saturday, April 21st. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $27.69.

Shares of VNOM opened at $28.33 on Tuesday. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $33.63. The firm has a market capitalization of $3.20 billion, a PE ratio of 26.48 and a beta of 0.92. 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 earnings results on Tuesday, May 1st. The oil and gas producer reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $62.44 million for the quarter, compared to the consensus estimate of $62.09 million. Viper Energy Partners had a net margin of 66.59% and a return on equity of 15.74%. The business’s revenue for the quarter was up 85.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. equities research analysts predict that Viper Energy Partners will post 1.44 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Viper Energy Partners by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 79,384 shares of the oil and gas producer’s stock worth $1,852,000 after acquiring an additional 3,361 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in 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 worth $121,000 after acquiring an additional 4,700 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its holdings in Viper Energy Partners by 259.5% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 7,550 shares of the oil and gas producer’s stock worth $192,000 after acquiring an additional 5,450 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Viper Energy Partners by 4.8% during the 1st quarter. GSA Capital Partners LLP now owns 130,749 shares of the oil and gas producer’s stock worth $3,322,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Viper Energy Partners by 103.0% during the 1st quarter. Citigroup Inc. now owns 12,738 shares of the oil and gas producer’s stock worth $324,000 after acquiring an additional 6,464 shares in the last quarter. Institutional investors own 25.69% of the company’s stock.

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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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