Zacks: Analysts Anticipate Viper Energy Partners LP (VNOM) Will Announce Quarterly Sales of $49.79 Million

Equities analysts predict that Viper Energy Partners LP (NASDAQ:VNOM) will post sales of $49.79 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Viper Energy Partners’ earnings, with the highest sales estimate coming in at $55.30 million and the lowest estimate coming in at $45.33 million. Viper Energy Partners reported sales of $27.92 million during the same quarter last year, which indicates a positive year-over-year growth rate of 78.3%. The company is expected to report its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Viper Energy Partners will report full-year sales of $49.79 million for the current year, with estimates ranging from $158.14 million to $165.41 million. For the next fiscal year, analysts forecast that the company will post sales of $227.44 million per share, with estimates ranging from $210.80 million to $268.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Viper Energy Partners.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The business had revenue of $42.21 million during the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business’s quarterly revenue was up 111.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS.

Several research analysts have recently issued reports on the company. Piper Jaffray Companies lowered their price objective 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viper Energy Partners in a research report on Sunday, September 10th. SunTrust Banks assumed coverage on Viper Energy Partners in a research report on Wednesday, November 29th. They set a “buy” rating for the company. Credit Suisse Group assumed coverage on Viper Energy Partners in a research report on Monday, December 11th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, BidaskClub raised Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Eleven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.36.

Viper Energy Partners (NASDAQ:VNOM) traded down $0.30 during trading hours on Thursday, hitting $23.30. The stock had a trading volume of 496,700 shares, compared to its average volume of 465,050. The firm has a market cap of $2,650.00, a PE ratio of 26.78, a P/E/G ratio of 1.24 and a beta of 1.06. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $24.09. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.

Institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of Viper Energy Partners in the 3rd quarter valued at about $106,000. Credit Suisse AG purchased a new stake in Viper Energy Partners during the 1st quarter valued at approximately $270,000. Virtu KCG Holdings LLC raised its stake in 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 acquiring an additional 8,357 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in 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 acquiring an additional 1,726 shares during the last quarter. Finally, Alps Advisors Inc. purchased a new stake in Viper Energy Partners during the 3rd quarter valued at approximately $514,000. 27.12% of the stock is owned by institutional investors and hedge funds.

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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.

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