Viper Energy Partners LP (NASDAQ:VNOM) – Equities research analysts at SunTrust Banks issued their Q1 2019 earnings estimates for Viper Energy Partners in a report issued on Thursday, February 7th. SunTrust Banks analyst N. Dingmann expects that the oil and gas producer will post earnings per share of $0.03 for the quarter. SunTrust Banks currently has a “Buy” rating and a $40.00 target price on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ Q2 2019 earnings at $0.07 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.12 EPS and FY2021 earnings at $0.33 EPS.
A number of other research firms also recently commented on VNOM. Zacks Investment Research downgraded shares of Viper Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 26th. Oppenheimer set a $49.00 target price on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Friday, December 14th. ValuEngine raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 7th. BidaskClub cut shares of Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 24th. Finally, Raymond James set a $52.00 target price on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $43.91.
Viper Energy Partners stock opened at $32.43 on Monday. Viper Energy Partners has a one year low of $21.51 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 13.32 and a quick ratio of 13.32. The stock has a market cap of $3.96 billion, a PE ratio of 30.03 and a beta of 1.31.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). Viper Energy Partners had a return on equity of 7.06% 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 quarter in the prior year, the company earned $0.37 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in VNOM. Capital World Investors bought a new position in Viper Energy Partners in the 3rd quarter valued at about $166,610,000. HITE Hedge Asset Management LLC raised its holdings in Viper Energy Partners by 221.4% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,735,295 shares of the oil and gas producer’s stock valued at $45,187,000 after acquiring an additional 1,195,378 shares during the period. Eagle Asset Management Inc. bought a new position in Viper Energy Partners in the 3rd quarter valued at about $49,279,000. Wells Fargo & Company MN raised its holdings in Viper Energy Partners by 571.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,226,697 shares of the oil and gas producer’s stock valued at $51,644,000 after acquiring an additional 1,043,868 shares during the period. Finally, Carillon Tower Advisers Inc. bought a new position in Viper Energy Partners in the 3rd quarter valued at about $34,749,000. 29.83% of the stock is currently owned by hedge funds and other institutional investors.
In other news, President Hof Matthew Kaes Van’t sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $25.76, for a total value of $128,800.00. Following the sale, the president now directly owns 52,673 shares of the company’s stock, valued at approximately $1,356,856.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Tuesday, February 19th will be issued a $0.51 dividend. The ex-dividend date is Friday, February 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.29%. Viper Energy Partners’s payout ratio is 214.81%.
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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