Northland Securities reissued their buy rating on shares of Viper Energy Partners (NASDAQ:VNOM) in a research note published on Thursday. The brokerage currently has a $29.00 target price on the oil and gas producer’s stock.

Several other research analysts have also weighed in on VNOM. Barclays set a $20.00 target price on shares of Viper Energy Partners and gave the stock a buy rating in a research note on Monday, October 16th. Citigroup increased their target price on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a buy rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Viper Energy Partners from a buy rating to a hold rating in a research note on Tuesday, November 14th. SunTrust Banks initiated coverage on shares of Viper Energy Partners in a research note on Wednesday, November 29th. They set a buy rating for the company. Finally, BidaskClub raised shares of Viper Energy Partners from a hold rating to a buy rating in a research note on Saturday, December 2nd. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Viper Energy Partners has an average rating of Buy and a consensus price target of $25.64.

Viper Energy Partners (VNOM) opened at $22.76 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 8.92 and a current ratio of 9.86. The firm has a market cap of $2,603.34, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $26.19.

Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. Viper Energy Partners’s revenue was up 112.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. equities analysts forecast that Viper Energy Partners will post 1.4 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Monday, February 19th will be paid a $0.46 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 8.08%. Viper Energy Partners’s dividend payout ratio (DPR) is presently 127.36%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its stake in shares of Viper Energy Partners by 28.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,233,200 shares of the oil and gas producer’s stock valued at $22,984,000 after purchasing an additional 273,200 shares during the period. Malaga Cove Capital LLC boosted its stake in shares of Viper Energy Partners by 81.6% in the third quarter. Malaga Cove Capital LLC now owns 118,174 shares of the oil and gas producer’s stock valued at $2,199,000 after purchasing an additional 53,114 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Viper Energy Partners by 42.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 28,089 shares of the oil and gas producer’s stock valued at $524,000 after purchasing an additional 8,318 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Viper Energy Partners by 10.1% in the third quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock valued at $11,135,000 after purchasing an additional 54,752 shares during the period. Finally, Gen IV Investment Opportunities LLC boosted its stake in shares of Viper Energy Partners by 390.8% in the third quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock valued at $11,099,000 after purchasing an additional 474,100 shares during the period. 26.95% of the stock is 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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