Viper Energy Partners LP (NASDAQ:VNOM) has been given a $21.00 price objective by analysts at Barclays PLC in a research report issued on Thursday, October 26th. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Barclays PLC’s price target suggests a potential upside of 5.26% from the stock’s previous close.
A number of other equities research analysts have also weighed in on the stock. Northland Securities reissued a “buy” rating and set a $24.00 target price on shares of Viper Energy Partners in a report on Thursday, October 12th. Scotiabank reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Viper Energy Partners in a research note on Friday, June 30th. BidaskClub raised shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies cut their target price on shares of Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Finally, Zacks Investment Research lowered shares of Viper Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Viper Energy Partners presently has a consensus rating of “Buy” and an average price target of $21.45.
Shares of Viper Energy Partners (NASDAQ VNOM) opened at $19.95 on Thursday. The firm has a market cap of $2,270.00, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.38 and a beta of 1.01. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a 12 month low of $14.27 and a 12 month high of $20.81.
Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $42.21 million during the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business’s revenue for the quarter was up 111.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. equities analysts expect that Viper Energy Partners will post 0.97 earnings per share for the current fiscal year.
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In related news, Director Michael L. Hollis acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $16.07 per share, for a total transaction of $40,175.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of hedge funds have recently bought and sold shares of VNOM. Penserra Capital Management LLC bought a new position in Viper Energy Partners in the 3rd quarter worth approximately $106,000. Envestnet Asset Management Inc. bought a new position in Viper Energy Partners in the 1st quarter worth approximately $121,000. Creative Planning boosted its stake in Viper Energy Partners by 1,215.5% in the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock worth $207,000 after purchasing an additional 12,155 shares during the period. Citadel Advisors LLC bought a new position in Viper Energy Partners in the 1st quarter worth approximately $235,000. Finally, Credit Suisse AG bought a new position in Viper Energy Partners in the 1st quarter worth approximately $270,000. Institutional investors and hedge funds own 17.96% of the company’s stock.
About Viper Energy Partners
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.
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