Viper Energy Partners (NASDAQ:VNOM) will issue its quarterly earnings data after the market closes on Monday, October 29th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Wednesday, August 8th. The oil and gas producer reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.33. Viper Energy Partners had a net margin of 88.05% and a return on equity of 14.66%. The business had revenue of $75.41 million for the quarter, compared to analyst estimates of $70.06 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 106.0% on a year-over-year basis. On average, analysts expect Viper Energy Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
VNOM stock opened at $36.29 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 23.74 and a current ratio of 23.74. Viper Energy Partners has a 52-week low of $18.36 and a 52-week high of $44.00. The stock has a market cap of $4.41 billion, a PE ratio of 33.92 and a beta of 1.01.
VNOM has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. BidaskClub raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 20th. Stifel Nicolaus raised shares of Viper Energy Partners from a “hold” rating to a “buy” rating and increased their target price for the stock from $38.00 to $42.00 in a research note on Thursday, August 16th. Piper Jaffray Companies initiated coverage on shares of Viper Energy Partners in a research note on Friday, September 28th. They set an “overweight” rating on the stock. Finally, Citigroup raised shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $42.00 in a research note on Monday, August 20th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $39.07.
Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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