Analysts Anticipate Viper Energy Partners LP (NASDAQ:VNOM) Will Announce Earnings of $0.11 Per Share

Brokerages expect Viper Energy Partners LP (NASDAQ:VNOM) to announce earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Viper Energy Partners’ earnings. The highest EPS estimate is $0.48 and the lowest is $0.01. Viper Energy Partners reported earnings per share of $0.05 in the same quarter last year, which would suggest a positive year over year growth rate of 120%. The company is scheduled to issue its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Viper Energy Partners will report full year earnings of $0.92 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $1.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.02 to $3.69. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Viper Energy Partners.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $69.49 million. During the same period last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year.

A number of equities research analysts recently commented on the company. TheStreet downgraded Viper Energy Partners from a “b” rating to a “c+” rating in a report on Wednesday, September 25th. Capital One Financial initiated coverage on Viper Energy Partners in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $37.00 price target for the company. BidaskClub downgraded Viper Energy Partners from a “sell” rating to a “strong sell” rating in a report on Saturday, September 21st. Stifel Nicolaus reissued a “buy” rating on shares of Viper Energy Partners in a report on Tuesday, September 17th. Finally, Evercore ISI initiated coverage on Viper Energy Partners in a report on Tuesday, July 30th. They issued an “outperform” rating and a $38.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $40.33.

Several institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA increased its position in shares of Viper Energy Partners by 15.4% in the second quarter. San Francisco Sentry Investment Group CA now owns 3,375 shares of the oil and gas producer’s stock valued at $104,000 after buying an additional 450 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Viper Energy Partners by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,577 shares of the oil and gas producer’s stock worth $264,000 after purchasing an additional 545 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of Viper Energy Partners by 6.8% during the second quarter. First Republic Investment Management Inc. now owns 9,850 shares of the oil and gas producer’s stock worth $304,000 after purchasing an additional 630 shares in the last quarter. Meridian Wealth Advisors LLC increased its position in shares of Viper Energy Partners by 2.3% during the second quarter. Meridian Wealth Advisors LLC now owns 28,750 shares of the oil and gas producer’s stock worth $886,000 after purchasing an additional 650 shares in the last quarter. Finally, ETRADE Capital Management LLC increased its position in shares of Viper Energy Partners by 6.2% during the second quarter. ETRADE Capital Management LLC now owns 12,604 shares of the oil and gas producer’s stock worth $388,000 after purchasing an additional 732 shares in the last quarter. Institutional investors and hedge funds own 38.77% of the company’s stock.

Shares of Viper Energy Partners stock traded up $0.33 on Tuesday, reaching $27.11. 250,981 shares of the stock were exchanged, compared to its average volume of 317,016. The company has a quick ratio of 17.70, a current ratio of 17.70 and a debt-to-equity ratio of 0.13. Viper Energy Partners has a twelve month low of $22.76 and a twelve month high of $43.40. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 25.10 and a beta of 1.28. The business has a 50 day moving average price of $28.98 and a two-hundred day moving average price of $30.49.

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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