Viper Energy Partners (NASDAQ:VNOM) issued its earnings results on Sunday. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.15, MarketWatch Earnings reports. The company had revenue of $76.32 million for the quarter, compared to analysts’ expectations of $56.51 million. Viper Energy Partners had a positive return on equity of 0.67% and a negative net margin of 60.82%. Viper Energy Partners’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS.
Shares of Viper Energy Partners stock traded down $0.19 during trading hours on Tuesday, hitting $16.35. 19,649 shares of the company’s stock traded hands, compared to its average volume of 660,347. Viper Energy Partners has a 12-month low of $4.98 and a 12-month high of $22.00. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -6.89 and a beta of 2.64. The company has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $10.92. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.24 and a quick ratio of 1.24.
A number of equities research analysts recently commented on the company. Truist raised Viper Energy Partners from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, December 4th. Siebert Williams Shank reissued a “hold” rating on shares of Viper Energy Partners in a research report on Friday, December 18th. Truist Financial raised Viper Energy Partners from a “hold” rating to a “buy” rating and increased their price target for the company from $8.00 to $16.00 in a research report on Friday, December 4th. Finally, KeyCorp increased their price target on Viper Energy Partners from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Viper Energy Partners presently has an average rating of “Buy” and a consensus target price of $13.29.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2019, it had mineral interests in 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 88,946 thousand barrels of crude oil equivalent.
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