Viper Energy Partners Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:VNOM)
Shares of Viper Energy Partners (NASDAQ:VNOM) have received an average rating of “Hold” from the nine analysts that are presently covering the company, Analyst Ratings News reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.67.
Viper Energy Partners (NASDAQ:VNOM) opened at 31.85 on Monday. Viper Energy Partners has a one year low of $30.035 and a one year high of $36.00. The stock’s 50-day moving average is $31.92 and its 200-day moving average is $32.30. The company’s market cap is $2.427 billion.
Viper Energy Partners (NASDAQ:VNOM) last issued its earnings data on Thursday, August 28th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.09. On average, analysts predict that Viper Energy Partners will post $0.46 earnings per share for the current fiscal year.
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. Separately, 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.
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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