A number of firms have modified their ratings and price targets on shares of Viper Energy Partners (NASDAQ: VNOM) recently:

  • 7/11/2017 – Viper Energy Partners was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 7/5/2017 – Viper Energy Partners was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties primarily in North America. It focuses on developing mineral interests in the Permian Basin in West Texas. Viper Energy Partners LP is based in Midland, Texas. “
  • 6/30/2017 – Viper Energy Partners had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $20.00 price target on the stock.
  • 6/30/2017 – Viper Energy Partners had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $20.00 price target on the stock.
  • 6/22/2017 – Viper Energy Partners was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties primarily in North America. It focuses on developing mineral interests in the Permian Basin in West Texas. Viper Energy Partners LP is based in Midland, Texas. “
  • 6/22/2017 – Viper Energy Partners was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/2/2017 – Viper Energy Partners had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $22.00 price target on the stock.
  • 5/27/2017 – Viper Energy Partners is now covered by analysts at Piper Jaffray Companies. They set a “buy” rating and a $22.00 price target on the stock.
  • 5/26/2017 – Viper Energy Partners had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $22.00 price target on the stock.

Shares of Viper Energy Partners LP (VNOM) traded up 1.12% on Tuesday, hitting $16.21. The company had a trading volume of 57,215 shares. Viper Energy Partners LP has a 52 week low of $13.53 and a 52 week high of $19.60. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 42.55 and a beta of 0.93. The stock’s 50-day moving average is $16.80 and its 200 day moving average is $17.12.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $33.65 million during the quarter, compared to analysts’ expectations of $29.06 million. Viper Energy Partners had a return on equity of 9.84% and a net margin of 33.56%. Equities analysts expect that Viper Energy Partners LP will post $0.97 EPS for the current year.

In related news, Director Steven E. West purchased 14,000 shares of Viper Energy Partners stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $17.83 per share, for a total transaction of $249,620.00. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at $249,620. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Hollis purchased 1,389 shares of Viper Energy Partners stock in a transaction that occurred on Friday, May 5th. The shares were bought at an average price of $18.00 per share, with a total value of $25,002.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 19,634 shares of company stock valued at $349,801.

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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