Viper Energy Partners LP (NASDAQ:VNOM) has received an average recommendation of “Buy” from the seventeen analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.36.
Several equities research analysts have recently issued reports on the company. TD Securities set a $44.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research note on Saturday, August 11th. Northland Securities set a $45.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research note on Thursday, August 16th. BidaskClub lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Raymond James raised their price objective 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. Finally, Zacks Investment Research lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 24th.
Viper Energy Partners stock traded up $0.71 during midday trading on Thursday, reaching $34.34. 6,411 shares of the stock traded hands, compared to its average volume of 826,792. Viper Energy Partners has a 12 month low of $18.36 and a 12 month high of $44.00. The firm has a market cap of $4.02 billion, a PE ratio of 32.13 and a beta of 1.15. The company has a current ratio of 13.32, a quick ratio of 13.32 and a debt-to-equity ratio of 0.23.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Monday, October 29th. The oil and gas producer reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.36). The firm had revenue of $78.60 million for the quarter, compared to the consensus estimate of $78.65 million. Viper Energy Partners had a net margin of 67.73% and a return on equity of 10.95%. Viper Energy Partners’s quarterly revenue was up 84.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. As a group, equities research analysts forecast that Viper Energy Partners will post 1.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 12th will be issued a $0.58 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.32 annualized dividend and a dividend yield of 6.76%. Viper Energy Partners’s payout ratio is 224.30%.
In other news, Director Michael L. Hollis acquired 3,000 shares of Viper Energy Partners stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of $33.68 per share, for a total transaction of $101,040.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Hof Matthew Kaes Van’t sold 14,800 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $38.71, for a total value of $572,908.00. Following the transaction, the president now owns 72,473 shares in the company, valued at $2,805,429.83. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price Capital Management Inc. bought a new stake in Viper Energy Partners during the 3rd quarter valued at $131,000. Mark Sheptoff Financial Planning LLC boosted its position in Viper Energy Partners by 75.5% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 13,250 shares of the oil and gas producer’s stock valued at $423,000 after acquiring an additional 5,700 shares in the last quarter. Sawtooth Solutions LLC bought a new stake in Viper Energy Partners during the 3rd quarter valued at $250,000. Alps Advisors Inc. boosted its position in Viper Energy Partners by 28.3% during the 2nd quarter. Alps Advisors Inc. now owns 27,596 shares of the oil and gas producer’s stock valued at $644,000 after acquiring an additional 6,086 shares in the last quarter. Finally, Cim LLC bought a new stake in Viper Energy Partners during the 3rd quarter valued at $257,000. Institutional investors own 24.87% 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.
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