Equities analysts expect that Viper Energy Partners LP (NASDAQ:VNOM) will post earnings per share (EPS) of $0.41 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Viper Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.53. Viper Energy Partners posted earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 70.8%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, October 23rd.
On average, analysts expect that Viper Energy Partners will report full year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.59 to $2.81. For the next year, analysts expect that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.58 to $2.04. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.33. The business had revenue of $75.41 million during the quarter, compared to analyst estimates of $70.06 million. Viper Energy Partners had a return on equity of 14.66% and a net margin of 88.05%. The company’s revenue was up 106.0% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS.
VNOM has been the subject of several recent analyst reports. Imperial Capital set a $45.00 price target on Viper Energy Partners and gave the company an “outperform” rating in a research note on Friday, August 10th. Raymond James lifted their price target on Viper Energy Partners from $38.00 to $45.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 16th. Citigroup lifted their price target on Viper Energy Partners from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. SunTrust Banks lifted their price target on Viper Energy Partners to $45.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Viper Energy Partners has a consensus rating of “Buy” and an average price target of $37.87.
Shares of NASDAQ VNOM traded down $0.29 during trading on Friday, reaching $37.23. 604,490 shares of the company traded hands, compared to its average volume of 641,166. The firm has a market capitalization of $4.65 billion, a P/E ratio of 34.79 and a beta of 1.01. Viper Energy Partners has a 12-month low of $18.02 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 23.74 and a current ratio of 23.74.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 14,800 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $38.71, for a total transaction of $572,908.00. Following the completion of the sale, the president now directly owns 72,473 shares in the company, valued at approximately $2,805,429.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Emerald Advisers Inc. PA acquired a new position in shares of Viper Energy Partners during the 2nd quarter worth approximately $200,000. Geneva Partners LLC acquired a new position in shares of Viper Energy Partners during the 2nd quarter worth approximately $204,000. Quad Cities Investment Group LLC acquired a new position in shares of Viper Energy Partners during the 1st quarter worth approximately $201,000. Raymond James Trust N.A. acquired a new position in shares of Viper Energy Partners during the 2nd quarter worth approximately $256,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Viper Energy Partners during the 2nd quarter worth approximately $309,000. Institutional investors own 24.98% of the company’s stock.
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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