SunTrust Banks Comments on Viper Energy Partners LP’s Q1 2018 Earnings (VNOM)
Viper Energy Partners LP (NASDAQ:VNOM) – Investment analysts at SunTrust Banks issued their Q1 2018 earnings per share (EPS) estimates for shares of Viper Energy Partners in a research note issued on Thursday. SunTrust Banks analyst N. Dingmann forecasts that the oil and gas producer will post earnings per share of $0.29 for the quarter. SunTrust Banks has a “Buy” rating and a $32.00 price objective on the stock. SunTrust Banks also issued estimates for Viper Energy Partners’ Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.34 EPS and Q4 2018 earnings at $0.37 EPS.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.08. The firm had revenue of $59.20 million during the quarter, compared to analysts’ expectations of $51.28 million. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. The company’s quarterly revenue was up 112.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS.
Viper Energy Partners (NASDAQ:VNOM) opened at $22.76 on Friday. The company has a market capitalization of $2,603.34, a P/E ratio of 21.47, a PEG ratio of 1.09 and a beta of 1.05. The company has a quick ratio of 8.92, a current ratio of 9.86 and a debt-to-equity ratio of 0.10. Viper Energy Partners has a 1-year low of $14.76 and a 1-year high of $26.19.
Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new stake in shares of Viper Energy Partners during the 3rd quarter worth approximately $106,000. Thompson Davis & CO. Inc. lifted its stake in shares of Viper Energy Partners by 940.0% during the 4th quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock worth $121,000 after acquiring an additional 4,700 shares during the last quarter. Investment House LLC bought a new stake in shares of Viper Energy Partners during the 4th quarter worth approximately $223,000. Virtu KCG Holdings LLC lifted its stake in shares of Viper Energy Partners by 77.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock worth $301,000 after acquiring an additional 8,357 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Viper Energy Partners by 9.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock worth $310,000 after acquiring an additional 1,726 shares during the last quarter. 26.95% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Monday, February 19th will be paid a dividend of $0.46 per share. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.34. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date is Thursday, February 15th. Viper Energy Partners’s dividend payout ratio (DPR) is currently 127.36%.
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About Viper Energy Partners
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.
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