Viper Energy Partners (NASDAQ:VNOM) PT Raised to $16.00 at UBS Group

Viper Energy Partners (NASDAQ:VNOM) had its price target upped by research analysts at UBS Group from $15.00 to $16.00 in a research report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the oil and gas producer’s stock. UBS Group’s target price indicates a potential upside of 54.44% from the stock’s current price.

A number of other brokerages also recently weighed in on VNOM. TD Securities lowered their target price on shares of Viper Energy Partners from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, March 20th. KeyCorp boosted their target price on shares of Viper Energy Partners from $10.00 to $13.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. SunTrust Banks lowered their target price on shares of Viper Energy Partners from $18.00 to $10.00 in a report on Friday, March 20th. Northland Securities restated a “buy” rating and set a $12.00 target price on shares of Viper Energy Partners in a report on Friday, March 20th. Finally, Credit Suisse Group decreased their price objective on shares of Viper Energy Partners from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, March 19th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $19.06.

NASDAQ VNOM opened at $10.36 on Monday. The company has a market capitalization of $1.62 billion, a PE ratio of -5.45 and a beta of 2.21. Viper Energy Partners has a 12-month low of $4.98 and a 12-month high of $33.10. The firm’s 50 day moving average is $10.78 and its 200-day moving average is $15.25. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.33.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Monday, May 4th. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.27. The business had revenue of $78.69 million for the quarter, compared to the consensus estimate of $75.26 million. Viper Energy Partners had a negative net margin of 41.11% and a positive return on equity of 1.45%. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, sell-side analysts expect that Viper Energy Partners will post -0.41 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Global Trust Asset Management LLC bought a new stake in shares of Viper Energy Partners in the fourth quarter valued at about $314,000. Heartland Advisors Inc. boosted its position in shares of Viper Energy Partners by 37.5% in the fourth quarter. Heartland Advisors Inc. now owns 275,000 shares of the oil and gas producer’s stock valued at $6,782,000 after acquiring an additional 75,000 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Viper Energy Partners by 15.7% in the first quarter. ETRADE Capital Management LLC now owns 17,180 shares of the oil and gas producer’s stock valued at $114,000 after acquiring an additional 2,329 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Viper Energy Partners by 29.4% in the first quarter. Bank of New York Mellon Corp now owns 83,286 shares of the oil and gas producer’s stock valued at $552,000 after acquiring an additional 18,916 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Viper Energy Partners in the first quarter valued at about $76,000. 35.44% of the stock is 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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