Viper Energy Partners LP (NASDAQ:VNOM) – Analysts at Imperial Capital issued their Q1 2018 earnings estimates for shares of Viper Energy Partners in a research report issued on Thursday. Imperial Capital analyst J. Wangler expects that the oil and gas producer will post earnings of $0.31 per share for the quarter. Imperial Capital has a “Buy” rating and a $27.00 price objective on the stock. Imperial Capital also issued estimates for Viper Energy Partners’ Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.39 EPS.
A number of other analysts have also issued reports on the company. Northland Securities reaffirmed a “buy” rating and set a $29.00 target price on shares of Viper Energy Partners in a research report on Thursday. ValuEngine raised Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday. SunTrust Banks reaffirmed a “buy” rating and set a $32.00 target price on shares of Viper Energy Partners in a research report on Tuesday, February 6th. Zacks Investment Research lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank assumed coverage on Viper Energy Partners in a research report on Thursday, February 1st. They set a “buy” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Viper Energy Partners presently has a consensus rating of “Buy” and an average price target of $25.64.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, beating the 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 company had revenue of $59.20 million for the quarter, compared to analyst estimates of $51.28 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s revenue was up 112.2% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its holdings in Viper Energy Partners by 825.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 297,925 shares of the oil and gas producer’s stock valued at $6,951,000 after buying an additional 265,725 shares during the last quarter. Thompson Davis & CO. Inc. increased its holdings in 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 valued at $121,000 after buying an additional 4,700 shares during the last quarter. Investment House LLC bought a new stake in Viper Energy Partners in the fourth quarter valued at about $223,000. Spirit of America Management Corp NY acquired a new position in Viper Energy Partners in the fourth quarter valued at approximately $3,021,000. Finally, Aurora Investment Counsel acquired a new position in Viper Energy Partners in the fourth quarter valued at approximately $3,466,000. 26.95% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 19th will be issued a $0.46 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. This represents a $1.84 annualized dividend and a yield of 8.08%. The ex-dividend date is Thursday, February 15th. Viper Energy Partners’s payout ratio is currently 127.36%.
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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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