Viper Energy Partners (VNOM) Rating Reiterated by Stifel Nicolaus

Viper Energy Partners (NASDAQ:VNOM)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued on Wednesday. They presently have a $29.00 price objective on the oil and gas producer’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.19% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. SunTrust Banks began coverage on shares of Viper Energy Partners in a research report on Wednesday, November 29th. They set a “buy” rating for the company. Credit Suisse Group began coverage on shares of Viper Energy Partners in a research report on Monday, December 11th. They set an “outperform” rating and a $25.00 price target for the company. Mizuho set a $29.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a research report on Tuesday. BidaskClub raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Imperial Capital reissued an “in-line” rating and set a $23.00 price target (up previously from $21.00) on shares of Viper Energy Partners in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Viper Energy Partners has an average rating of “Buy” and an average price target of $24.58.

Shares of Viper Energy Partners (NASDAQ VNOM) opened at $23.93 on Wednesday. The firm has a market cap of $2,730.00, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a 12-month low of $14.76 and a 12-month high of $25.34.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business 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 firm’s revenue for the quarter was up 111.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 EPS. equities research analysts expect that Viper Energy Partners will post 0.96 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of VNOM. GSA Capital Partners LLP bought a new position in Viper Energy Partners in the 2nd quarter worth $1,664,000. FMR LLC raised its holdings in Viper Energy Partners by 26.2% in the 2nd quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after purchasing an additional 302,400 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in Viper Energy Partners by 77.4% in the 2nd 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 in the last quarter. Williams Jones & Associates LLC raised its holdings in Viper Energy Partners by 74.3% in the 2nd quarter. Williams Jones & Associates LLC now owns 236,075 shares of the oil and gas producer’s stock worth $3,706,000 after purchasing an additional 100,600 shares in the last quarter. Finally, Scholtz & Company LLC raised its holdings in Viper Energy Partners by 0.9% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 27.25% of the company’s stock.

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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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