BidaskClub Lowers Viper Energy Partners (VNOM) to Hold

BidaskClub downgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a buy rating to a hold rating in a report released on Tuesday morning.

VNOM has been the topic of a number of other research reports. Raymond James set a $52.00 price objective on Viper Energy Partners and gave the stock a buy rating in a research report on Wednesday, January 23rd. ValuEngine lowered Viper Energy Partners from a buy rating to a hold rating in a research report on Thursday, December 6th. SunTrust Banks upped their price objective on Viper Energy Partners to $40.00 and gave the stock a buy rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded shares of Viper Energy Partners from a sell rating to a hold rating in a research note on Tuesday, March 12th. Finally, TD Securities boosted their target price on shares of Viper Energy Partners from $44.00 to $45.00 and gave the stock a buy rating in a research note on Thursday, February 28th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Viper Energy Partners presently has an average rating of Buy and an average price target of $43.09.

Viper Energy Partners stock opened at $33.99 on Tuesday. Viper Energy Partners has a twelve month low of $22.76 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 10.84 and a current ratio of 10.84. The firm has a market cap of $4.19 billion, a PE ratio of 31.47 and a beta of 1.32.



Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). Viper Energy Partners had a return on equity of 6.74% and a net margin of 49.62%. The company had revenue of $73.67 million for the quarter, compared to analysts’ expectations of $81.53 million. During the same period in the prior year, the company posted $0.37 EPS. Analysts predict that Viper Energy Partners will post 0.21 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Tuesday, February 19th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.00%. Viper Energy Partners’s payout ratio is currently 188.89%.

In related news, President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $33.51, for a total transaction of $77,073.00. Following the completion of the transaction, the president now owns 44,624 shares in the company, valued at $1,495,350.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Viper Energy Partners by 15.8% in the fourth quarter. Geode Capital Management LLC now owns 38,970 shares of the oil and gas producer’s stock valued at $1,014,000 after acquiring an additional 5,324 shares in the last quarter. Aurora Investment Counsel boosted its stake in Viper Energy Partners by 34.1% in the fourth quarter. Aurora Investment Counsel now owns 79,441 shares of the oil and gas producer’s stock valued at $2,069,000 after acquiring an additional 20,208 shares in the last quarter. CI Investments Inc. acquired a new position in Viper Energy Partners in the fourth quarter valued at $37,850,000. Howard Financial Services LTD. acquired a new position in Viper Energy Partners in the fourth quarter valued at $419,000. Finally, Requisite Energy Fund I LP acquired a new position in Viper Energy Partners in the fourth quarter valued at $2,100,000. Institutional investors own 32.24% 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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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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