Viper Energy Partners (VNOM) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of Viper Energy Partners (NASDAQ:VNOM) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Other equities research analysts have also issued research reports about the company. Piper Jaffray Companies reissued a buy rating and set a $44.00 target price on shares of Viper Energy Partners in a research report on Monday, November 19th. Raymond James set a $50.00 target price on Viper Energy Partners and gave the stock a buy rating in a research report on Friday, March 1st. TD Securities raised their target price on Viper Energy Partners from $44.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, February 28th. SunTrust Banks raised their target price on Viper Energy Partners to $40.00 and gave the stock a buy rating in a research report on Thursday, February 7th. Finally, ValuEngine raised Viper Energy Partners from a hold rating to a buy rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $43.09.

Shares of NASDAQ VNOM opened at $33.49 on Tuesday. The company has a current ratio of 10.84, a quick ratio of 10.84 and a debt-to-equity ratio of 0.33. Viper Energy Partners has a fifty-two week low of $22.49 and a fifty-two week high of $44.00. The stock has a market cap of $4.19 billion, a PE ratio of 31.01 and a beta of 1.32.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.17). Viper Energy Partners had a return on equity of 6.74% and a net margin of 49.62%. The business had revenue of $73.67 million for the quarter, compared to analyst estimates of $81.53 million. During the same period last year, the business posted $0.37 EPS. Equities analysts forecast that Viper Energy Partners will post 0.21 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, February 25th. Shareholders of record on Tuesday, February 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Friday, February 15th. Viper Energy Partners’s dividend payout ratio (DPR) is 188.89%.

In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,300 shares of Viper Energy Partners stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $33.51, for a total transaction of $77,073.00. Following the transaction, the president now owns 44,624 shares of the company’s stock, valued at $1,495,350.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northeast Investment Management increased its position in Viper Energy Partners by 30.5% during the fourth quarter. Northeast Investment Management now owns 8,589 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 2,007 shares during the period. PNC Financial Services Group Inc. acquired a new position in Viper Energy Partners during the fourth quarter worth approximately $76,000. FIL Ltd increased its position in Viper Energy Partners by 2.9% during the third quarter. FIL Ltd now owns 102,949 shares of the oil and gas producer’s stock worth $4,334,000 after buying an additional 2,934 shares during the period. Caz Investments LP acquired a new position in Viper Energy Partners during the fourth quarter worth approximately $104,000. Finally, Malaga Cove Capital LLC increased its position in Viper Energy Partners by 3.7% during the fourth quarter. Malaga Cove Capital LLC now owns 119,445 shares of the oil and gas producer’s stock worth $3,056,000 after buying an additional 4,248 shares during the period. 32.24% of the stock is currently owned by institutional investors.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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