Viper Energy Partners (VNOM) Releases Quarterly Earnings, Misses Expectations By $0.09 EPS
Viper Energy Partners (NASDAQ:VNOM) issued its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.09, Analyst Ratings Network reports.
Viper Energy Partners (NASDAQ:VNOM) opened at 32.32 on Thursday. Viper Energy Partners has a 52 week low of $30.035 and a 52 week high of $36.00. The stock has a 50-day moving average of $31.97 and a 200-day moving average of $32.31. The company’s market cap is $2.463 billion.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird cut their price target on shares of Viper Energy Partners from $36.00 to $33.00 in a research note on Wednesday, July 30th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Northland Securities initiated coverage on shares of Viper Energy Partners in a research note on Wednesday, July 16th. They set a “market perform” rating and a $34.00 price target on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Viper Energy Partners in a research note on Monday, July 14th. They set a “buy” rating and a $41.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $35.67.
Viper Energy Partners LP is a limited partnership formed by Diamondback Energy, Inc (NASDAQ:VNOM) to own, acquire and exploit oil and natural gas properties in North America.
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