Viper Energy Partners (NASDAQ:VNOM) Stock Rating Reaffirmed by Stifel Nicolaus

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Viper Energy Partners (NASDAQ:VNOM)‘s stock had its “buy” rating reaffirmed by Stifel Nicolaus in a report released on Tuesday, TipRanks reports.

Several other equities analysts have also commented on VNOM. Raymond James increased their price objective on shares of Viper Energy Partners from $50.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 1st. Capital One Financial assumed coverage on shares of Viper Energy Partners in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $37.00 price target for the company. Northland Securities reissued a “buy” rating and set a $35.00 price target on shares of Viper Energy Partners in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Viper Energy Partners in a research report on Thursday. They set an “overweight” rating and a $34.00 price target for the company. Finally, ValuEngine raised shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. Viper Energy Partners currently has an average rating of “Buy” and a consensus target price of $40.65.

Shares of VNOM stock traded down $0.17 during mid-day trading on Tuesday, hitting $29.89. 344,226 shares of the stock traded hands, compared to its average volume of 248,346. The stock has a market cap of $4.08 billion, a P/E ratio of 27.68 and a beta of 1.38. The stock’s fifty day moving average is $29.53 and its two-hundred day moving average is $30.88. Viper Energy Partners has a 52-week low of $22.76 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 17.70 and a quick ratio of 17.70.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $72.19 million for the quarter, compared to analysts’ expectations of $69.49 million. Viper Energy Partners had a net margin of 13.18% and a return on equity of 0.62%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. As a group, equities analysts forecast that Viper Energy Partners will post 0.29 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of VNOM. Nomura Holdings Inc. acquired a new stake in shares of Viper Energy Partners during the 2nd quarter worth approximately $1,599,000. Royal Bank of Canada acquired a new stake in shares of Viper Energy Partners during the 2nd quarter worth approximately $83,000. Jane Street Group LLC grew its stake in shares of Viper Energy Partners by 31.1% during the 2nd quarter. Jane Street Group LLC now owns 7,033 shares of the oil and gas producer’s stock worth $217,000 after purchasing an additional 1,670 shares during the period. Marshall Wace North America L.P. grew its stake in shares of Viper Energy Partners by 10.6% during the 2nd quarter. Marshall Wace North America L.P. now owns 466,217 shares of the oil and gas producer’s stock worth $14,369,000 after purchasing an additional 44,547 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Viper Energy Partners by 6.0% during the 2nd quarter. Invesco Ltd. now owns 1,226,928 shares of the oil and gas producer’s stock worth $37,813,000 after purchasing an additional 69,124 shares during the period. 38.77% of the stock is owned by institutional investors.

About Viper Energy Partners

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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