Wall Street analysts expect that Viper Energy Partners LP (NASDAQ:VNOM) will report sales of $75.76 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Viper Energy Partners’ earnings, with estimates ranging from $71.18 million to $80.00 million. Viper Energy Partners posted sales of $75.41 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Viper Energy Partners will report full-year sales of $322.80 million for the current fiscal year, with estimates ranging from $281.00 million to $396.65 million. For the next fiscal year, analysts expect that the company will report sales of $460.08 million, with estimates ranging from $371.16 million to $746.12 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). The firm had revenue of $61.59 million for the quarter, compared to analysts’ expectations of $68.04 million. Viper Energy Partners had a return on equity of 2.33% and a net margin of 46.62%. During the same period in the prior year, the firm earned $0.38 earnings per share.
In related news, President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $33.51, for a total value of $77,073.00. Following the sale, the president now directly owns 44,624 shares in the company, valued at approximately $1,495,350.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in VNOM. Wellington Management Group LLP raised its stake in Viper Energy Partners by 23.8% in the 1st quarter. Wellington Management Group LLP now owns 9,251,962 shares of the oil and gas producer’s stock valued at $306,796,000 after acquiring an additional 1,778,619 shares during the period. CI Investments Inc. bought a new stake in Viper Energy Partners in the 4th quarter valued at about $37,850,000. HITE Hedge Asset Management LLC raised its stake in Viper Energy Partners by 221.4% in the 4th quarter. HITE Hedge Asset Management LLC now owns 1,735,295 shares of the oil and gas producer’s stock valued at $45,187,000 after acquiring an additional 1,195,378 shares during the period. Eagle Asset Management Inc. raised its stake in Viper Energy Partners by 81.1% in the 1st quarter. Eagle Asset Management Inc. now owns 2,605,921 shares of the oil and gas producer’s stock valued at $86,412,000 after acquiring an additional 1,167,173 shares during the period. Finally, Carillon Tower Advisers Inc. raised its stake in Viper Energy Partners by 101.4% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,913,390 shares of the oil and gas producer’s stock valued at $63,448,000 after acquiring an additional 963,271 shares during the period. Institutional investors and hedge funds own 33.95% of the company’s stock.
VNOM traded up $0.55 during mid-day trading on Friday, reaching $28.36. 360,062 shares of the stock were exchanged, compared to its average volume of 561,627. The company has a debt-to-equity ratio of 0.10, a current ratio of 20.09 and a quick ratio of 20.09. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 26.26 and a beta of 1.29. Viper Energy Partners has a 1 year low of $22.76 and a 1 year high of $44.00.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Friday, May 10th. Viper Energy Partners’s dividend payout ratio is currently 140.74%.
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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