Viper Energy Partners LP (VNOM) Given Consensus Rating of “Buy” by Brokerages

Shares of Viper Energy Partners LP (NASDAQ:VNOM) have been given an average rating of “Buy” by the fifteen analysts that are presently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.36.

Several analysts have recently commented on the company. Zacks Investment Research upgraded Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a report on Wednesday, December 27th. BidaskClub upgraded Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Imperial Capital set a $27.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a report on Tuesday, December 19th. Credit Suisse Group began coverage on Viper Energy Partners in a report on Monday, December 11th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, UBS Group raised Viper Energy Partners from a “neutral” rating to a “buy” rating and upped their target price for the company from $19.00 to $27.00 in a research report on Tuesday, December 5th.

Shares of Viper Energy Partners (NASDAQ:VNOM) traded up $0.20 on Friday, hitting $23.50. The stock had a trading volume of 296,300 shares, compared to its average volume of 408,800. Viper Energy Partners has a 12-month low of $14.76 and a 12-month high of $24.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92. The stock has a market cap of $2,653.45, a price-to-earnings ratio of 26.70, a PEG ratio of 1.22 and a beta of 1.07.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The firm had revenue of $42.21 million during the quarter, compared to analyst estimates of $40.88 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 111.2% compared to the same quarter last year. research analysts forecast that Viper Energy Partners will post 0.96 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scholtz & Company LLC increased its position in shares of Viper Energy Partners by 0.9% in the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock valued at $1,089,000 after acquiring an additional 625 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Viper Energy Partners by 9.6% in 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 period. Penserra Capital Management LLC acquired a new position in shares of Viper Energy Partners in the 3rd quarter valued at $106,000. Virtu KCG Holdings LLC increased its position in shares of Viper Energy Partners by 77.4% in 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 period. Finally, Geode Capital Management LLC increased its position in shares of Viper Energy Partners by 33.3% in the 1st quarter. Geode Capital Management LLC now owns 55,295 shares of the oil and gas producer’s stock valued at $994,000 after acquiring an additional 13,809 shares during the period. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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