Viper Energy Partners LP (NASDAQ:VNOM)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Sunday. They presently have a $20.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 18.48% from the company’s previous close.

VNOM has been the topic of several other research reports. Imperial Capital began coverage on Viper Energy Partners in a report on Tuesday, August 15th. They set an “outperform” rating and a $21.00 target price on the stock. TheStreet raised Viper Energy Partners from a “c+” rating to a “b-” rating in a report on Monday, August 14th. Barclays PLC dropped their target price on Viper Energy Partners from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, July 13th. Northland Securities set a $22.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a report on Sunday, July 23rd. Finally, Mizuho raised Viper Energy Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.58.

Shares of Viper Energy Partners (NASDAQ VNOM) opened at 16.88 on Friday. The company has a 50 day moving average price of $16.95 and a 200-day moving average price of $17.13. The firm has a market cap of $1.92 billion, a PE ratio of 22.33 and a beta of 0.96. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.38.

Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. The firm had revenue of $36.62 million for the quarter, compared to analysts’ expectations of $35.79 million. Analysts expect that Viper Energy Partners will post $0.91 EPS for the current year.

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In other news, CEO Travis D. Stice acquired 30,811 shares of the stock in a transaction on Friday, July 21st. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $454,462.25. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael L. Hollis acquired 2,500 shares of the stock in a transaction on Friday, August 18th. The shares were purchased at an average price of $16.07 per share, for a total transaction of $40,175.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 756,418 shares of company stock worth $10,901,466.

A number of hedge funds and other institutional investors have recently bought and sold shares of VNOM. Wells Fargo & Company MN grew its position in Viper Energy Partners by 6,776.0% during the 1st quarter. Wells Fargo & Company MN now owns 585,077 shares of the oil and gas producer’s stock worth $10,520,000 after purchasing an additional 576,568 shares in the last quarter. First Trust Advisors LP grew its position in Viper Energy Partners by 4.8% during the 1st quarter. First Trust Advisors LP now owns 381,250 shares of the oil and gas producer’s stock worth $6,855,000 after purchasing an additional 17,415 shares in the last quarter. Ameriprise Financial Inc. grew its position in Viper Energy Partners by 83.9% during the 1st quarter. Ameriprise Financial Inc. now owns 96,116 shares of the oil and gas producer’s stock worth $1,728,000 after purchasing an additional 43,852 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in Viper Energy Partners by 176.2% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 621,500 shares of the oil and gas producer’s stock worth $11,171,000 after purchasing an additional 396,500 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in Viper Energy Partners by 6.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 18,045 shares of the oil and gas producer’s stock worth $324,000 after purchasing an additional 1,095 shares in the last quarter. Hedge funds and other institutional investors own 15.69% of the company’s stock.

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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