Viper Energy Partners LP (NASDAQ:VNOM) – Research analysts at Imperial Capital cut their Q3 2020 earnings estimates for shares of Viper Energy Partners in a note issued to investors on Thursday, February 13th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas producer will earn $0.19 per share for the quarter, down from their prior estimate of $0.24.
A number of other equities research analysts also recently issued reports on VNOM. BidaskClub upgraded shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday. Barclays reiterated a “buy” rating and issued a $34.00 target price on shares of Viper Energy Partners in a research report on Tuesday, December 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 target price on shares of Viper Energy Partners in a research report on Wednesday, January 8th. TheStreet downgraded shares of Viper Energy Partners from a “b-” rating to a “c+” rating in a research report on Tuesday. Finally, TD Securities cut their target price on shares of Viper Energy Partners from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.13.
VNOM stock opened at $23.57 on Friday. Viper Energy Partners has a 12-month low of $21.04 and a 12-month high of $36.73. The company has a quick ratio of 14.44, a current ratio of 14.44 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 30.61 and a beta of 1.33. The company has a 50 day moving average of $23.87 and a two-hundred day moving average of $26.17.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). Viper Energy Partners had a return on equity of 0.95% and a net margin of 15.51%. The firm had revenue of $92.71 million during the quarter, compared to analyst estimates of $89.23 million.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.64%. Viper Energy Partners’s dividend payout ratio is currently 170.37%.
In other news, President Hof Matthew Kaes Van’t sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $24.85, for a total transaction of $62,125.00. Following the transaction, the president now owns 39,624 shares in the company, valued at approximately $984,656.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI bought a new position in Viper Energy Partners in the 4th quarter worth $28,000. Tower Research Capital LLC TRC raised its holdings in Viper Energy Partners by 8,200.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the oil and gas producer’s stock worth $71,000 after acquiring an additional 2,542 shares during the period. Royal Bank of Canada bought a new position in Viper Energy Partners in the 2nd quarter worth $83,000. Marshall Wace LLP bought a new position in Viper Energy Partners in the 4th quarter worth $71,000. Finally, Advisor Group Inc. raised its holdings in Viper Energy Partners by 45.3% in the 4th quarter. Advisor Group Inc. now owns 3,378 shares of the oil and gas producer’s stock worth $84,000 after acquiring an additional 1,053 shares during the period. Institutional investors and hedge funds own 39.19% of the company’s stock.
About Viper Energy Partners
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.
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