Stephens set a $46.00 price objective on Viper Energy Partners (NASDAQ:VNOM) in a research note released on Monday morning, TipRanks reports. The brokerage currently has a buy rating on the oil and gas producer’s stock.

Several other brokerages also recently issued reports on VNOM. Raymond James set a $52.00 price objective on Viper Energy Partners and gave the stock a buy rating in a research report on Wednesday, January 23rd. Zacks Investment Research downgraded Viper Energy Partners from a hold rating to a strong sell rating in a research report on Saturday, January 26th. ValuEngine upgraded Viper Energy Partners from a buy rating to a strong-buy rating in a research report on Thursday, February 7th. SunTrust Banks lifted their price objective on Viper Energy Partners to $40.00 and gave the stock a buy rating in a research report on Thursday, February 7th. Finally, BidaskClub upgraded Viper Energy Partners from a hold rating to a buy rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $42.14.

Shares of NASDAQ:VNOM opened at $28.84 on Monday. The company has a market cap of $3.98 billion, a PE ratio of 26.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 20.09 and a current ratio of 20.09. Viper Energy Partners has a 12 month low of $22.76 and a 12 month high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas producer reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). The firm had revenue of $61.59 million for the quarter, compared to analysts’ expectations of $68.04 million. Viper Energy Partners had a return on equity of 2.33% and a net margin of 46.62%. During the same period last year, the firm earned $0.38 EPS. Analysts expect that Viper Energy Partners will post 1.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 5.27%. Viper Energy Partners’s dividend payout ratio is currently 140.74%.

In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,300 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $33.51, for a total value of $77,073.00. Following the completion of the transaction, the president now directly owns 44,624 shares in the company, valued at approximately $1,495,350.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of VNOM. Bank of New York Mellon Corp acquired a new position in Viper Energy Partners in the 3rd quarter valued at $288,000. JPMorgan Chase & Co. raised its holdings in Viper Energy Partners by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,064,741 shares of the oil and gas producer’s stock valued at $44,825,000 after acquiring an additional 167,826 shares during the last quarter. Bank of Montreal Can raised its holdings in Viper Energy Partners by 237.6% in the 4th quarter. Bank of Montreal Can now owns 205,300 shares of the oil and gas producer’s stock valued at $5,346,000 after acquiring an additional 144,495 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Viper Energy Partners in the 4th quarter valued at $872,000. Finally, Emerald Advisers LLC raised its holdings in Viper Energy Partners by 132.2% in the 4th quarter. Emerald Advisers LLC now owns 14,559 shares of the oil and gas producer’s stock valued at $379,000 after acquiring an additional 8,289 shares during the last quarter. Institutional investors own 33.31% of the company’s stock.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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