Viper Energy Partners (VNOM) Rating Reiterated by Stifel Nicolaus

Viper Energy Partners (NASDAQ:VNOM)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a research note issued on Wednesday, Marketbeat reports. They presently have a $29.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.19% from the company’s previous close.

Several other research analysts have also issued reports on VNOM. Mizuho set a $29.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Wednesday, September 27th. BidaskClub raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Barclays set a $21.00 price objective on shares of Viper Energy Partners and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Imperial Capital reissued an “in-line” rating and set a $23.00 price objective (up from $21.00) on shares of Viper Energy Partners in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.58.

Viper Energy Partners (NASDAQ:VNOM) opened at $23.93 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 8.92 and a quick ratio of 8.92. The stock has a market cap of $2,730.00, a PE ratio of 27.51, a P/E/G ratio of 1.27 and a beta of 1.06. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $25.34.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $42.21 million during the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. Viper Energy Partners’s quarterly revenue was up 111.2% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. analysts anticipate that Viper Energy Partners will post 0.96 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in VNOM. CI Global Investments Inc. grew its position in Viper Energy Partners by 111.9% during the 3rd quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock valued at $76,397,000 after purchasing an additional 2,164,352 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Viper Energy Partners by 320.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock valued at $37,206,000 after acquiring an additional 1,521,773 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of Viper Energy Partners during the 3rd quarter valued at about $13,619,000. Gen IV Investment Opportunities LLC boosted its holdings in shares of Viper Energy Partners by 390.8% during the 3rd quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock valued at $11,099,000 after acquiring an additional 474,100 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Viper Energy Partners by 27.4% during the 3rd quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock valued at $39,654,000 after acquiring an additional 457,308 shares during the last quarter. 27.25% of the stock is currently owned by institutional investors.

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Viper Energy Partners Company Profile

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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