ValuEngine upgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a hold rating to a buy rating in a research note released on Thursday.

Several other research analysts also recently commented on the stock. SunTrust Banks reiterated a buy rating and issued a $32.00 target price on shares of Viper Energy Partners in a report on Tuesday, February 6th. Zacks Investment Research downgraded shares of Viper Energy Partners from a buy rating to a hold rating in a report on Friday, February 2nd. Deutsche Bank began coverage on shares of Viper Energy Partners in a report on Thursday, February 1st. They issued a buy rating and a $27.00 target price on the stock. Stifel Nicolaus reiterated a buy rating and issued a $29.00 target price on shares of Viper Energy Partners in a report on Wednesday, January 17th. Finally, Mizuho set a $29.00 target price on shares of Viper Energy Partners and gave the stock a buy rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $25.64.

Viper Energy Partners (NASDAQ VNOM) opened at $22.76 on Thursday. The firm has a market cap of $2,591.95, a price-to-earnings ratio of 21.47, a PEG ratio of 1.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 8.92 and a current ratio of 9.86. Viper Energy Partners has a twelve month low of $14.76 and a twelve 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $59.20 million for the quarter, compared to the consensus estimate of $51.28 million. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The business’s quarterly revenue was up 112.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. sell-side analysts forecast that Viper Energy Partners will post 1.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 8.08%. 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. Viper Energy Partners’s dividend payout ratio (DPR) is currently 127.36%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its position 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 worth $310,000 after purchasing an additional 1,726 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in Viper Energy Partners by 940.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock worth $121,000 after purchasing an additional 4,700 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Viper Energy Partners in the 3rd quarter worth $106,000. Virtu KCG Holdings LLC grew its position 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 worth $301,000 after purchasing an additional 8,357 shares during the last quarter. Finally, Investment House LLC acquired a new stake in Viper Energy Partners in the 4th quarter worth $223,000. Institutional investors own 26.95% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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