Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at SunTrust Banks boosted their FY2017 EPS estimates for shares of Viper Energy Partners in a note issued to investors on Tuesday. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas producer will post earnings of $1.01 per share for the year, up from their previous estimate of $0.96. SunTrust Banks currently has a “Buy” rating and a $32.00 price target on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ Q4 2017 earnings at $0.32 EPS, FY2018 earnings at $1.48 EPS, FY2019 earnings at $1.87 EPS and FY2020 earnings at $2.11 EPS.
VNOM has been the topic of several other reports. Barclays set a $20.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Monday, October 16th. BidaskClub raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. UBS Group raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $19.00 to $27.00 in a research note on Tuesday, December 5th. Finally, Imperial Capital set a $27.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Viper Energy Partners has an average rating of “Buy” and a consensus price target of $25.29.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.27 by $0.10. The firm had revenue of $59.20 million for the quarter, compared to the consensus estimate of $51.28 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business’s revenue was up 112.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share.
Institutional investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. grew its holdings in shares of Viper Energy Partners by 940.0% in the fourth quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock worth $121,000 after purchasing an additional 4,700 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Viper Energy Partners in the third quarter worth approximately $106,000. Investment House LLC bought a new position in shares of Viper Energy Partners in the fourth quarter worth approximately $223,000. Virtu KCG Holdings LLC grew its holdings in shares of Viper Energy Partners by 77.4% in the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after purchasing an additional 8,357 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Viper Energy Partners by 9.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock worth $310,000 after purchasing an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 26.95% of the company’s stock.
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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.
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