Viper Energy Partners (VNOM) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Viper Energy Partners (NASDAQ:VNOM) in a report released on Wednesday, Marketbeat.com reports. Stifel Nicolaus currently has a $29.00 price target on the oil and gas producer’s stock.

Several other analysts have also weighed in on the company. Northland Securities reissued a buy rating and set a $24.00 price objective on shares of Viper Energy Partners in a report on Thursday, October 12th. UBS Group raised Viper Energy Partners from a neutral rating to a buy rating and lifted their price objective for the stock from $19.00 to $27.00 in a report on Tuesday, December 5th. Credit Suisse Group initiated coverage on Viper Energy Partners in a report on Monday, December 11th. They set an outperform rating and a $25.00 price objective on the stock. SunTrust Banks initiated coverage on Viper Energy Partners in a report on Wednesday, November 29th. They set a buy rating on the stock. Finally, BidaskClub raised Viper Energy Partners from a buy rating to a strong-buy rating in a report on Friday, December 15th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $24.58.

Shares of Viper Energy Partners (NASDAQ VNOM) opened at $24.78 on Wednesday. Viper Energy Partners has a fifty-two week low of $14.76 and a fifty-two week high of $25.34. The firm has a market capitalization of $2,725.20, a P/E ratio of 27.19, a PEG ratio of 1.23 and a beta of 1.07. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The company had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. During the same quarter last year, the firm earned $0.12 EPS. Viper Energy Partners’s revenue for the quarter was up 111.2% compared to the same quarter last year. research analysts expect that Viper Energy Partners will post 0.97 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in Viper Energy Partners in the 3rd quarter valued at $106,000. Virtu KCG Holdings LLC boosted its stake in Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after buying an additional 8,357 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after buying an additional 1,726 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Viper Energy Partners in the 3rd quarter valued at $514,000. Finally, Scholtz & Company LLC boosted its stake in Viper Energy Partners by 0.9% in the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock valued at $1,089,000 after buying an additional 625 shares in the last quarter. 27.25% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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