Viper Energy Partners (NASDAQ:VNOM) was upgraded by equities research analysts at UBS from a “neutral” rating to a “buy” rating in a report issued on Tuesday, 99wallstreet.com reports. The firm currently has a $27.00 price target on the oil and gas producer’s stock, up from their prior price target of $19.00. UBS’s target price indicates a potential upside of 25.64% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Northland Securities reissued a “buy” rating and set a $24.00 price target on shares of Viper Energy Partners in a research report on Thursday, October 12th. Citigroup raised their price target on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Piper Jaffray Companies reduced their price target on shares of Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Imperial Capital reissued an “in-line” rating and set a $23.00 price target (up from $21.00) on shares of Viper Energy Partners in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.27.

Viper Energy Partners (VNOM) traded up $0.01 during mid-day trading on Tuesday, reaching $21.49. 417,500 shares of the company were exchanged, compared to its average volume of 232,090. The firm has a market cap of $2,446.19, a PE ratio of 24.41, a PEG ratio of 1.48 and a beta of 1.06. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a one year low of $14.76 and a one year high of $22.00.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $42.21 million during the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. Viper Energy Partners’s revenue for the quarter was up 111.2% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS. sell-side analysts anticipate that Viper Energy Partners will post 0.96 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in shares of Viper Energy Partners during the 3rd quarter valued at approximately $106,000. Creative Planning increased its holdings in shares of Viper Energy Partners by 1,215.5% during the 2nd quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 12,155 shares in the last quarter. Credit Suisse AG purchased a new position in shares of Viper Energy Partners during the 1st quarter valued at approximately $270,000. Renaissance Technologies LLC purchased a new position in shares of Viper Energy Partners during the 1st quarter valued at approximately $281,000. Finally, Virtu KCG Holdings LLC increased its holdings in shares of Viper Energy Partners by 77.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after purchasing an additional 8,357 shares in the last quarter. 27.14% of the stock is owned by hedge funds and other institutional investors.

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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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