Viper Energy Partners (VNOM) Stock Rating Upgraded by ValuEngine

Viper Energy Partners (NASDAQ:VNOM) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

VNOM has been the topic of several other research reports. Zacks Investment Research downgraded Viper Energy Partners from a “strong-buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Saturday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $29.00 target price on shares of Viper Energy Partners in a research report on Wednesday, January 17th. Citigroup lifted their target price on Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Barclays set a $20.00 target price on Viper Energy Partners and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a research report on Thursday, October 12th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.64.

Viper Energy Partners (NASDAQ:VNOM) traded down $0.10 on Thursday, hitting $22.76. The company’s stock had a trading volume of 879,504 shares, compared to its average volume of 569,117. Viper Energy Partners has a 1 year low of $14.76 and a 1 year high of $26.19. The firm has a market cap of $2,591.95, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 9.86 and a quick ratio of 8.92.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. The firm had revenue of $59.20 million for the quarter, compared to the consensus estimate of $51.28 million. During the same quarter last year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 112.2% on a year-over-year basis. research analysts expect that Viper Energy Partners will post 1.36 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CI Global Investments Inc. increased its position in Viper Energy Partners by 111.9% during the third quarter. CI Global Investments Inc. now owns 4,098,552 shares of the oil and gas producer’s stock worth $76,397,000 after buying an additional 2,164,352 shares during the last quarter. Boston Partners increased its position in Viper Energy Partners by 27.4% during the third quarter. Boston Partners now owns 2,127,350 shares of the oil and gas producer’s stock worth $39,654,000 after buying an additional 457,308 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in Viper Energy Partners by 320.9% during the third quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock worth $37,206,000 after buying an additional 1,521,773 shares during the last quarter. FMR LLC increased its position in Viper Energy Partners by 26.2% during the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after buying an additional 302,400 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its position in Viper Energy Partners by 28.5% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,233,200 shares of the oil and gas producer’s stock worth $22,984,000 after buying an additional 273,200 shares during the last quarter. 26.95% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Viper Energy Partners (VNOM) Stock Rating Upgraded by ValuEngine” was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/11/viper-energy-partners-vnom-stock-rating-upgraded-by-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply