Viper Energy Partners (NASDAQ:VNOM) received a $27.00 price target from equities researchers at Imperial Capital in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Imperial Capital’s target price suggests a potential upside of 26.05% from the stock’s current price.
A number of other equities analysts have also weighed in on VNOM. Mizuho raised Viper Energy Partners from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 23rd. Northland Securities reissued a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a research report on Tuesday, September 5th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 target price on shares of Viper Energy Partners in a research report on Sunday, September 10th. Piper Jaffray Companies decreased their target price on 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. Finally, Zacks Investment Research raised Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research report on Wednesday, September 27th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Viper Energy Partners currently has an average rating of “Buy” and a consensus target price of $22.91.
Shares of Viper Energy Partners (VNOM) traded down $0.55 during trading hours on Tuesday, reaching $21.42. The company’s stock had a trading volume of 205,363 shares, compared to its average volume of 240,668. Viper Energy Partners has a fifty-two week low of $14.76 and a fifty-two week high of $22.66. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,500.00, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06.
Several institutional investors have recently added to or reduced their stakes in VNOM. Penserra Capital Management LLC bought a new stake in shares of Viper Energy Partners during the 3rd quarter valued at about $106,000. Credit Suisse AG bought a new stake in shares of Viper Energy Partners during the 1st quarter valued at about $270,000. Renaissance Technologies LLC bought a new stake in shares of Viper Energy Partners during the 1st quarter valued at about $281,000. Virtu KCG Holdings LLC grew its stake 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 during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Viper Energy Partners by 9.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after purchasing an additional 1,726 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.
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About Viper Energy Partners
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.
