Stephens started coverage on shares of Viper Energy Partners (NASDAQ:VNOM) in a report issued on Thursday morning, Benzinga reports. The brokerage issued an overweight rating and a $47.00 price target on the oil and gas producer’s stock.
A number of other equities analysts have also issued reports on the stock. TD Securities boosted their target price on shares of Viper Energy Partners from $44.00 to $45.00 and gave the stock a buy rating in a research report on Thursday, February 28th. BidaskClub lowered shares of Viper Energy Partners from a buy rating to a hold rating in a research report on Tuesday, March 19th. Zacks Investment Research lowered shares of Viper Energy Partners from a hold rating to a strong sell rating in a research report on Saturday, January 26th. Oppenheimer set a $49.00 target price on shares of Viper Energy Partners and gave the stock a buy rating in a research report on Friday, December 14th. Finally, ValuEngine raised shares of Viper Energy Partners from a buy rating to a strong-buy rating in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $42.58.
NASDAQ:VNOM opened at $34.00 on Thursday. Viper Energy Partners has a 12 month low of $22.76 and a 12 month high of $44.00. The company has a market capitalization of $4.07 billion, a PE ratio of 31.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.84 and a current ratio of 10.84.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). Viper Energy Partners had a net margin of 49.62% and a return on equity of 6.74%. The firm had revenue of $73.67 million during the quarter, compared to the consensus estimate of $81.53 million. During the same period in the prior year, the business earned $0.37 EPS. Analysts predict that Viper Energy Partners will post 0.32 earnings per share for the current fiscal year.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.51, for a total value of $77,073.00. Following the sale, the president now owns 44,624 shares of the company’s stock, valued at approximately $1,495,350.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new stake in shares of Viper Energy Partners in the 4th quarter valued at $76,000. Caz Investments LP acquired a new stake in shares of Viper Energy Partners in the 4th quarter valued at $104,000. Penn Capital Management Co. Inc. acquired a new stake in shares of Viper Energy Partners in the 3rd quarter valued at $213,000. Bank of New York Mellon Corp acquired a new stake in shares of Viper Energy Partners in the 3rd quarter valued at $288,000. Finally, Northeast Investment Management boosted its stake in shares of Viper Energy Partners by 30.5% in the 4th quarter. Northeast Investment Management now owns 8,589 shares of the oil and gas producer’s stock valued at $224,000 after purchasing an additional 2,007 shares in the last quarter. 32.24% of the stock is currently owned by hedge funds and other 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.
Featured Article: Momentum Indicator: Relative Strength Index
Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.