Shares of Viper Energy Partners LP (NASDAQ:VNOM) have received a consensus rating of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.22.
A number of analysts have recently commented on VNOM shares. Zacks Investment Research downgraded Viper Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. TheStreet raised Viper Energy Partners from a “c” rating to a “b-” rating in a report on Monday, April 17th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Viper Energy Partners in a report on Friday, June 2nd. Scotiabank restated a “hold” rating and set a $20.00 price target on shares of Viper Energy Partners in a research report on Monday, March 27th. Finally, Citigroup Inc. assumed coverage on Viper Energy Partners in a research note on Friday, March 31st. They issued a “buy” rating and a $20.00 price objective on the stock.
In other Viper Energy Partners news, Director Michael L. Hollis acquired 2,917 shares of the stock in a transaction on Friday, May 12th. The shares were bought at an average price of $17.71 per share, with a total value of $51,660.07. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven E. West acquired 14,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $17.83 per share, for a total transaction of $249,620.00. Following the acquisition, the director now directly owns 14,000 shares in the company, valued at approximately $249,620. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 19,634 shares of company stock worth $349,801.
Several large investors have recently made changes to their positions in VNOM. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Viper Energy Partners during the fourth quarter valued at approximately $271,000. A.R.T. Advisors LLC bought a new position in shares of Viper Energy Partners during the fourth quarter valued at about $193,000. Lebenthal Asset Management LLC increased its position in shares of Viper Energy Partners by 13.1% in the fourth quarter. Lebenthal Asset Management LLC now owns 75,488 shares of the oil and gas producer’s stock valued at $1,208,000 after buying an additional 8,742 shares in the last quarter. WFG Advisors LP bought a new position in shares of Viper Energy Partners during the fourth quarter valued at about $526,000. Finally, Malaga Cove Capital LLC bought a new position in shares of Viper Energy Partners during the first quarter valued at about $559,000. 20.52% of the stock is currently owned by institutional investors and hedge funds.
Viper Energy Partners (NASDAQ VNOM) traded up 2.80% on Monday, reaching $16.55. 21,474 shares of the company’s stock traded hands. The firm has a market cap of $1.61 billion, a PE ratio of 43.44 and a beta of 0.93. Viper Energy Partners has a 12 month low of $13.53 and a 12 month high of $19.60. The firm’s 50-day moving average is $16.80 and its 200 day moving average is $17.12.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, May 2nd. The oil and gas producer reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The firm had revenue of $33.65 million for the quarter, compared to the consensus estimate of $29.06 million. Viper Energy Partners had a return on equity of 9.84% and a net margin of 33.56%. Equities analysts predict that Viper Energy Partners will post $0.97 EPS for the current year.
Viper Energy Partners Company Profile
Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.
Receive News & Ratings for Viper Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners LP and related companies with our FREE daily email newsletter.