ValuEngine downgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a buy rating to a hold rating in a report published on Thursday.
A number of other brokerages have also weighed in on VNOM. TD Securities set a $44.00 price objective on Viper Energy Partners and gave the stock a buy rating in a research report on Saturday, August 11th. Stifel Nicolaus upgraded Viper Energy Partners from a hold rating to a buy rating and boosted their price objective for the stock from $38.00 to $42.00 in a research report on Thursday, August 16th. Northland Securities set a $45.00 price objective on Viper Energy Partners and gave the stock a buy rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded Viper Energy Partners from a hold rating to a buy rating and set a $43.00 price objective on the stock in a research report on Tuesday, August 21st. Finally, Citigroup upgraded Viper Energy Partners from a neutral rating to a buy rating and boosted their price objective for the stock from $36.00 to $42.00 in a research report on Monday, August 20th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $42.15.
Viper Energy Partners stock opened at $26.96 on Thursday. The company has a quick ratio of 13.32, a current ratio of 13.32 and a debt-to-equity ratio of 0.23. Viper Energy Partners has a 52 week low of $20.75 and a 52 week high of $44.00. The firm has a market cap of $3.57 billion, a PE ratio of 25.20 and a beta of 1.10.
Viper Energy Partners (NASDAQ:VNOM) last posted 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). Viper Energy Partners had a return on equity of 10.95% and a net margin of 67.73%. The business had revenue of $78.60 million for the quarter, compared to analyst estimates of $78.65 million. During the same period last year, the firm posted $0.24 EPS. Viper Energy Partners’s quarterly revenue was up 84.8% on a year-over-year basis. As a group, research analysts forecast that Viper Energy Partners will post 1.28 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 12th were given a $0.58 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 8.61%. Viper Energy Partners’s dividend payout ratio (DPR) is presently 216.82%.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 14,800 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $38.71, for a total value of $572,908.00. Following the sale, the president now owns 72,473 shares in the company, valued at approximately $2,805,429.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Hollis purchased 3,000 shares of Viper Energy Partners stock in a transaction on Thursday, November 1st. The stock was bought at an average price of $33.68 per share, for a total transaction of $101,040.00. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price Capital Management Inc. bought a new stake in shares of Viper Energy Partners in the 3rd quarter valued at about $131,000. Geneva Partners LLC bought a new stake in shares of Viper Energy Partners during the 2nd quarter valued at about $204,000. Penn Capital Management Co. Inc. bought a new stake in shares of Viper Energy Partners during the 3rd quarter valued at about $213,000. Sawtooth Solutions LLC bought a new stake in shares of Viper Energy Partners during the 3rd quarter valued at about $250,000. Finally, Cim LLC bought a new stake in shares of Viper Energy Partners during the 3rd quarter valued at about $257,000. Hedge funds and other institutional investors own 29.74% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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