Viper Energy Partners (NASDAQ:VNOM) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

VNOM has been the topic of several other reports. Northland Securities reaffirmed a buy rating and issued a $35.00 target price on shares of Viper Energy Partners in a report on Monday, September 16th. Raymond James boosted their price objective on Viper Energy Partners from $50.00 to $52.00 and gave the stock a strong-buy rating in a research note on Thursday, August 1st. Capital One Financial assumed coverage on Viper Energy Partners in a research note on Tuesday, July 2nd. They set an overweight rating and a $37.00 price objective on the stock. TD Securities boosted their price objective on Viper Energy Partners from $46.00 to $48.00 and gave the stock a buy rating in a research note on Tuesday, September 17th. Finally, SunTrust Banks assumed coverage on Viper Energy Partners in a research note on Monday, June 17th. They set a buy rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Viper Energy Partners currently has an average rating of Buy and a consensus price target of $40.65.

Shares of VNOM stock opened at $29.24 on Friday. Viper Energy Partners has a 12-month low of $22.76 and a 12-month high of $44.00. The company has a current ratio of 17.70, a quick ratio of 17.70 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $29.33 and its 200-day moving average price is $30.79. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 27.07 and a beta of 1.38.



Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The firm had revenue of $72.19 million during the quarter, compared to the consensus estimate of $69.49 million. During the same period last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, research analysts predict that Viper Energy Partners will post 0.28 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNOM. California Public Employees Retirement System grew its stake in shares of Viper Energy Partners by 13.3% during the first quarter. California Public Employees Retirement System now owns 76,424 shares of the oil and gas producer’s stock valued at $2,534,000 after buying an additional 8,973 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Viper Energy Partners by 42.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 54,000 shares of the oil and gas producer’s stock valued at $1,791,000 after buying an additional 16,000 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in shares of Viper Energy Partners by 51.8% during the first quarter. Freestone Capital Holdings LLC now owns 29,300 shares of the oil and gas producer’s stock valued at $972,000 after buying an additional 10,000 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Viper Energy Partners by 471.2% during the first quarter. CIBC Private Wealth Group LLC now owns 154,954 shares of the oil and gas producer’s stock valued at $5,138,000 after buying an additional 127,824 shares during the last quarter. Finally, FIL Ltd grew its stake in shares of Viper Energy Partners by 187.4% during the first quarter. FIL Ltd now owns 366,079 shares of the oil and gas producer’s stock valued at $12,139,000 after buying an additional 238,691 shares during the last quarter. 38.77% of the stock is currently owned by hedge funds and other institutional investors.

Viper Energy Partners Company Profile

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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