ValuEngine lowered shares of Viper Energy Partners (NASDAQ:VNOM) from a buy rating to a hold rating in a report published on Thursday.

Several other analysts also recently commented on the company. Piper Jaffray Companies reissued a buy rating and issued a $44.00 price objective on shares of Viper Energy Partners in a research note on Monday, November 19th. BidaskClub downgraded Viper Energy Partners from a buy rating to a hold rating in a research note on Tuesday, November 13th. Credit Suisse Group increased their price objective on Viper Energy Partners from $39.00 to $42.00 and gave the stock an outperform rating in a research note on Tuesday, October 30th. Oppenheimer reissued a buy rating on shares of Viper Energy Partners in a research note on Monday, October 29th. Finally, Ifs Securities began coverage on Viper Energy Partners in a research note on Monday, October 29th. They issued a strong-buy rating for the company. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Viper Energy Partners currently has an average rating of Buy and a consensus price target of $42.15.

Shares of Viper Energy Partners stock opened at $26.96 on Thursday. The company has a market capitalization of $3.57 billion, a PE ratio of 25.20 and a beta of 1.10. Viper Energy Partners has a 52 week low of $20.75 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 13.32 and a quick ratio of 13.32.

Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Monday, October 29th. The oil and gas producer reported $0.05 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.36). The company had revenue of $78.60 million during the quarter, compared to analysts’ expectations of $78.65 million. Viper Energy Partners had a return on equity of 10.95% and a net margin of 67.73%. The business’s revenue for the quarter was up 84.8% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. On average, equities research analysts predict that Viper Energy Partners will post 1.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Monday, November 12th were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date was Thursday, November 8th. Viper Energy Partners’s payout ratio is 216.82%.

In other Viper Energy Partners news, Director Michael L. Hollis purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was bought at an average cost of $33.68 per share, with a total value of $101,040.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Hof Matthew Kaes Van’t sold 14,800 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $38.71, for a total value of $572,908.00. Following the sale, the president now directly owns 72,473 shares of the company’s stock, valued at $2,805,429.83. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price Capital Management Inc. bought a new position in Viper Energy Partners during the third quarter valued at $131,000. Penn Capital Management Co. Inc. bought a new position in Viper Energy Partners during the third quarter valued at $213,000. Sawtooth Solutions LLC bought a new position in Viper Energy Partners during the third quarter valued at $250,000. Cim LLC bought a new position in Viper Energy Partners during the third quarter valued at $257,000. Finally, Geneva Partners LLC bought a new position in Viper Energy Partners during the second quarter valued at $204,000. 29.74% of the stock is owned by institutional investors and hedge funds.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.

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

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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