Viper Energy Partners LP (NASDAQ:VNOM) has been given a consensus recommendation of “Buy” by the nineteen research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, sixteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $41.53.
Several equities analysts recently issued reports on the stock. Capital One Financial assumed coverage on shares of Viper Energy Partners in a report on Tuesday, July 2nd. They set an “overweight” rating and a $37.00 price objective on the stock. SunTrust Banks cut their price objective on shares of Malibu Boats to $48.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Zacks Investment Research raised shares of GRIFOLS S A/S from a “sell” rating to a “hold” rating in a report on Friday, April 12th. TheStreet lowered shares of ZTO Express (Cayman) from a “b+” rating to a “c” rating in a report on Wednesday, May 1st. Finally, BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th.
VNOM stock traded down $0.14 during trading on Tuesday, hitting $30.47. 543,758 shares of the company’s stock traded hands, compared to its average volume of 497,221. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 28.21 and a beta of 1.38. The stock’s fifty day moving average price is $29.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 20.09 and a quick ratio of 20.09. Viper Energy Partners has a 1 year low of $22.76 and a 1 year high of $44.00.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). The business had revenue of $61.59 million for the quarter, compared to analysts’ expectations of $68.04 million. Viper Energy Partners had a net margin of 46.62% and a return on equity of 2.33%. During the same period in the previous year, the business earned $0.38 earnings per share. On average, sell-side analysts anticipate that Viper Energy Partners will post 0.32 EPS for the current fiscal year.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,500 shares of Viper Energy Partners stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total value of $79,125.00. Following the transaction, the president now directly owns 42,124 shares of the company’s stock, valued at $1,333,224.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Viper Energy Partners by 14.7% during the first quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock valued at $136,522,000 after buying an additional 528,497 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Viper Energy Partners by 81.1% during the first quarter. Eagle Asset Management Inc. now owns 2,605,921 shares of the oil and gas producer’s stock valued at $86,412,000 after buying an additional 1,167,173 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Viper Energy Partners by 28.4% during the first quarter. HITE Hedge Asset Management LLC now owns 2,227,512 shares of the oil and gas producer’s stock valued at $73,864,000 after buying an additional 492,217 shares during the last quarter. Carillon Tower Advisers Inc. grew its holdings in shares of Viper Energy Partners by 101.4% during the first quarter. Carillon Tower Advisers Inc. now owns 1,913,390 shares of the oil and gas producer’s stock valued at $63,448,000 after buying an additional 963,271 shares during the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of Viper Energy Partners during the fourth quarter valued at $37,850,000. 38.91% of the stock is currently owned by institutional investors and hedge funds.
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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