Viper Energy Partners (NASDAQ:VNOM) issued its earnings results on Sunday. The oil and gas producer reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.15, MarketWatch Earnings reports. The business had revenue of $76.32 million during the quarter, compared to analysts’ expectations of $56.51 million. Viper Energy Partners had a positive return on equity of 0.67% and a negative net margin of 60.82%. Viper Energy Partners’s revenue was down 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share.
Shares of VNOM stock traded down $0.03 during trading hours on Tuesday, hitting $16.51. The company had a trading volume of 26,532 shares, compared to its average volume of 660,347. Viper Energy Partners has a 12 month low of $4.98 and a 12 month high of $22.00. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of -6.89 and a beta of 2.64. The firm’s fifty day moving average is $14.80 and its 200 day moving average is $10.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 1.24.
A number of research firms recently issued reports on VNOM. Truist raised Viper Energy Partners from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, December 4th. Truist Financial raised Viper Energy Partners from a “hold” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $16.00 in a research report on Friday, December 4th. KeyCorp boosted their price target on Viper Energy Partners from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, January 15th. Finally, Siebert Williams Shank reaffirmed a “hold” rating on shares of Viper Energy Partners in a research report on Friday, December 18th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $13.29.
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2019, it had mineral interests in 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 88,946 thousand barrels of crude oil equivalent.
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