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

Viper Energy Partners (NASDAQ:VNOM)‘s stock had its “buy” rating reiterated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $29.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 19.64% from the company’s previous close.

VNOM has been the topic of several other research reports. Zacks Investment Research downgraded shares of Viper Energy Partners from a “strong-buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Saturday. Citigroup upped their target price on shares of Viper Energy Partners from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Barclays set a $20.00 target price on shares of Viper Energy Partners and gave the stock a “buy” rating in a research note on Monday, October 16th. Northland Securities reiterated a “buy” rating and issued a $24.00 target price on shares of Viper Energy Partners in a research note on Thursday, October 12th. Finally, Credit Suisse Group began coverage on shares of Viper Energy Partners in a research report on Monday, December 11th. They set an “outperform” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.58.

Shares of Viper Energy Partners (NASDAQ:VNOM) traded up $0.31 during midday trading on Wednesday, hitting $24.24. 1,066,700 shares of the stock traded hands, compared to its average volume of 472,460. The company has a market capitalization of $2,780.00, a P/E ratio of 27.86, a PEG ratio of 1.25 and a beta of 1.06. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $24.74. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million for the quarter, compared to the consensus estimate of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business’s revenue was up 111.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. equities research analysts forecast that Viper Energy Partners will post 0.96 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in VNOM. GSA Capital Partners LLP purchased a new stake in shares of Viper Energy Partners in the second quarter worth $1,664,000. FMR LLC increased its stake in shares of Viper Energy Partners by 26.2% in the second quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock worth $22,845,000 after purchasing an additional 302,400 shares in the last quarter. Virtu KCG Holdings LLC grew its stake in Viper Energy Partners by 77.4% during the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after acquiring an additional 8,357 shares in the last quarter. Williams Jones & Associates LLC grew its stake in Viper Energy Partners by 74.3% during the second quarter. Williams Jones & Associates LLC now owns 236,075 shares of the oil and gas producer’s stock valued at $3,706,000 after acquiring an additional 100,600 shares in the last quarter. Finally, Scholtz & Company LLC grew its stake in Viper Energy Partners by 0.9% during the second quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock valued at $1,089,000 after acquiring an additional 625 shares in the last quarter. 27.25% of the stock is owned by hedge funds and other institutional investors.

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About Viper Energy Partners

Viper Energy Partners LP is engaged in owning, acquiring and exploiting oil and natural gas properties in North America. The Company’s assets are located in the Permian Basin of West Texas. As of December 31, 2016, the Permian Basin consisted of approximately 85,000 square miles. As of December 31, 2016, its assets consisted of mineral interests underlying 107,568 gross acres in the Permian Basin.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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