Viper Energy Partners LP (NASDAQ:VNOM) – Stock analysts at SunTrust Banks lowered their Q1 2020 EPS estimates for shares of Viper Energy Partners in a report issued on Tuesday, January 7th. SunTrust Banks analyst W. Fitzpatrick now anticipates that the oil and gas producer will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.12. SunTrust Banks also issued estimates for Viper Energy Partners’ Q2 2020 earnings at $0.08 EPS, Q3 2020 earnings at $0.08 EPS, Q4 2020 earnings at $0.09 EPS, FY2020 earnings at $0.33 EPS and FY2021 earnings at $0.26 EPS.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $71.79 million during the quarter, compared to analysts’ expectations of $73.40 million. Viper Energy Partners had a return on equity of 0.95% and a net margin of 15.51%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share.
Several other equities research analysts have also commented on VNOM. TheStreet upgraded Viper Energy Partners from a “c+” rating to a “b” rating in a research note on Tuesday, October 29th. TD Securities cut their price target on Viper Energy Partners from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. BidaskClub upgraded Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday. ValuEngine lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Barclays reiterated a “buy” rating and issued a $34.00 price target on shares of Viper Energy Partners in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $38.71.
NASDAQ:VNOM opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 14.44 and a quick ratio of 14.44. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 24.36 and a beta of 1.31. Viper Energy Partners has a one year low of $21.89 and a one year high of $36.73. The business has a fifty day moving average price of $24.63 and a 200-day moving average price of $27.48.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Castleark Management LLC boosted its holdings in shares of Viper Energy Partners by 39.5% during the 3rd quarter. Castleark Management LLC now owns 80,613 shares of the oil and gas producer’s stock valued at $2,231,000 after purchasing an additional 22,820 shares during the last quarter. Barclays PLC boosted its holdings in shares of Viper Energy Partners by 56.7% during the 3rd quarter. Barclays PLC now owns 17,990 shares of the oil and gas producer’s stock valued at $498,000 after purchasing an additional 6,507 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Viper Energy Partners during the 3rd quarter valued at about $424,000. Stifel Financial Corp boosted its holdings in shares of Viper Energy Partners by 12.9% during the 3rd quarter. Stifel Financial Corp now owns 591,378 shares of the oil and gas producer’s stock valued at $16,351,000 after purchasing an additional 67,688 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Viper Energy Partners by 8,200.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the oil and gas producer’s stock valued at $71,000 after purchasing an additional 2,542 shares during the last quarter. 39.31% of the stock is owned by institutional investors and hedge funds.
In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.85, for a total value of $62,125.00. Following the completion of the sale, the president now owns 39,624 shares in the company, valued at approximately $984,656.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.30% of the company’s stock.
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.
