Wall Street brokerages expect Viper Energy Partners LP (NASDAQ:VNOM) to post earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Viper Energy Partners’ earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at ($0.33). Viper Energy Partners reported earnings of $0.03 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 266.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 9th.
On average, analysts expect that Viper Energy Partners will report full year earnings of $0.06 per share for the current year, with EPS estimates ranging from ($0.52) to $0.53. For the next year, analysts expect that the business will report earnings of $0.07 per share, with EPS estimates ranging from ($1.24) to $1.19. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Viper Energy Partners.
VNOM has been the subject of several recent analyst reports. Scotiabank increased their price objective on Viper Energy Partners from $12.00 to $13.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 14th. Seaport Global Securities assumed coverage on shares of Viper Energy Partners in a research note on Monday, July 27th. They issued a “neutral” rating for the company. Piper Sandler lowered their price objective on shares of Viper Energy Partners from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, September 18th. BidaskClub downgraded shares of Viper Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Finally, Raymond James reduced their price target on Viper Energy Partners from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $14.08.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 19th. Stockholders of record on Thursday, November 12th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.96%. Viper Energy Partners’s dividend payout ratio (DPR) is currently 307.69%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV acquired a new position in Viper Energy Partners in the 2nd quarter valued at $31,000. Paloma Partners Management Co acquired a new stake in shares of Viper Energy Partners during the third quarter worth $91,000. Verus Financial Partners Inc. bought a new stake in shares of Viper Energy Partners in the third quarter valued at about $113,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Viper Energy Partners in the second quarter valued at about $122,000. Finally, SCP Investment LP increased its position in Viper Energy Partners by 11.1% during the second quarter. SCP Investment LP now owns 12,000 shares of the oil and gas producer’s stock worth $124,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 33.01% 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, 2019, it had mineral interests in 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 88,946 thousand barrels of crude oil equivalent.
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