Viper Energy Partners LP (VNOM) Given “In-Line” Rating at Imperial Capital

Imperial Capital reaffirmed their in-line rating on shares of Viper Energy Partners LP (NASDAQ:VNOM) in a report issued on Wednesday. They currently have a $23.00 target price on the oil and gas producer’s stock, up from their previous target price of $21.00. Imperial Capital also issued estimates for Viper Energy Partners’ Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.88 EPS and FY2018 earnings at $1.18 EPS.

A number of other equities research analysts have also recently commented on VNOM. Stifel Nicolaus set a $20.00 price target on Viper Energy Partners and gave the company a buy rating in a research note on Wednesday, August 2nd. Barclays PLC decreased their price target on Viper Energy Partners from $19.00 to $17.00 and set an overweight rating for the company in a research note on Thursday, July 13th. Zacks Investment Research upgraded 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. Mizuho upgraded Viper Energy Partners from a neutral rating to a buy rating in a research note on Wednesday, August 23rd. Finally, UBS AG began coverage on Viper Energy Partners in a research note on Monday, October 2nd. They issued a neutral rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $20.92.

Shares of Viper Energy Partners (NASDAQ VNOM) traded up 0.83% during trading on Wednesday, reaching $19.36. The company’s stock had a trading volume of 61,310 shares. The firm’s 50-day moving average is $17.52 and its 200-day moving average is $17.16. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.44. The stock has a market capitalization of $2.20 billion, a PE ratio of 25.61 and a beta of 0.99.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. The company had revenue of $36.62 million for the quarter, compared to the consensus estimate of $35.79 million. Equities analysts expect that Viper Energy Partners will post $0.93 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Viper Energy Partners LP (VNOM) Given “In-Line” Rating at Imperial Capital” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/08/viper-energy-partners-lp-vnom-given-in-line-rating-at-imperial-capital.html.

In other news, Director Diamondback Energy, Inc. acquired 700,000 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The stock was purchased at an average cost of $14.38 per share, for a total transaction of $10,066,000.00. Following the completion of the purchase, the director now directly owns 73,150,000 shares in the company, valued at approximately $1,051,897,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Travis D. Stice acquired 30,811 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The stock was purchased at an average price of $14.75 per share, with a total value of $454,462.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 756,418 shares of company stock valued at $10,901,466.

Several large investors have recently made changes to their positions in the company. Scholtz & Company LLC raised its stake in shares of Viper Energy Partners by 0.9% in the second quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock worth $1,089,000 after purchasing an additional 625 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Viper Energy Partners by 6.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,045 shares of the oil and gas producer’s stock worth $324,000 after purchasing an additional 1,095 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Viper Energy Partners in the first quarter worth about $121,000. Virtu KCG Holdings LLC raised its stake in shares of Viper Energy Partners by 77.4% in the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 afte

A number of other equities research analysts have also recently commented on VNOM. Stifel Nicolaus set a $20.00 price target on Viper Energy Partners and gave the company a buy rating in a research note on Wednesday, August 2nd. Barclays PLC decreased their price target on Viper Energy Partners from $19.00 to $17.00 and set an overweight rating for the company in a research note on Thursday, July 13th. Zacks Investment Research upgraded 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. Mizuho upgraded Viper Energy Partners from a neutral rating to a buy rating in a research note on Wednesday, August 23rd. Finally, UBS AG began coverage on Viper Energy Partners in a research note on Monday, October 2nd. They issued a neutral rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $20.92.

Shares of Viper Energy Partners (NASDAQ VNOM) traded up 0.83% during trading on Wednesday, reaching $19.36. The company’s stock had a trading volume of 61,310 shares. The firm’s 50-day moving average is $17.52 and its 200-day moving average is $17.16. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.44. The stock has a market capitalization of $2.20 billion, a PE ratio of 25.61 and a beta of 0.99.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. The company had revenue of $36.62 million for the quarter, compared to the consensus estimate of $35.79 million. Equities analysts expect that Viper Energy Partners will post $0.93 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Viper Energy Partners LP (VNOM) Given “In-Line” Rating at Imperial Capital” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/08/viper-energy-partners-lp-vnom-given-in-line-rating-at-imperial-capital.html.

In other news, Director Diamondback Energy, Inc. acquired 700,000 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The stock was purchased at an average cost of $14.38 per share, for a total transaction of $10,066,000.00. Following the completion of the purchase, the director now directly owns 73,150,000 shares in the company, valued at approximately $1,051,897,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Travis D. Stice acquired 30,811 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The stock was purchased at an average price of $14.75 per share, with a total value of $454,462.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 756,418 shares of company stock valued at $10,901,466.

Several large investors have recently made changes to their positions in the company. Scholtz & Company LLC raised its stake in shares of Viper Energy Partners by 0.9% in the second quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock worth $1,089,000 after purchasing an additional 625 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Viper Energy Partners by 6.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 18,045 shares of the oil and gas producer’s stock worth $324,000 after purchasing an additional 1,095 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Viper Energy Partners in the first quarter worth about $121,000. Virtu KCG Holdings LLC raised its stake in shares of Viper Energy Partners by 77.4% in the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after purchasing an additional 8,357 shares during the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in shares of Viper Energy Partners in the first quarter worth about $196,000. Hedge funds and other institutional investors own 15.59% of the company’s stock.

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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