Viper Energy Partners (VNOM) Earns Coverage Optimism Rating of 0.12

Media headlines about Viper Energy Partners (NASDAQ:VNOM) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Viper Energy Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 46.4589291058325 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

VNOM has been the topic of several recent research reports. Barclays set a $20.00 price objective on shares of Viper Energy Partners and gave the company a “buy” rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. UBS Group upgraded shares of Viper Energy Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $27.00 in a research report on Tuesday, December 5th. Zacks Investment Research downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Citigroup lifted their price objective on shares of Viper Energy Partners from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.64.

Shares of Viper Energy Partners (NASDAQ:VNOM) opened at $22.76 on Friday. Viper Energy Partners has a 52-week low of $14.76 and a 52-week high of $26.19. The company has a market cap of $2,603.34, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 8.92 and a current ratio of 9.86.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $51.28 million. During the same period in the previous year, the firm earned $0.19 EPS. Viper Energy Partners’s revenue was up 112.2% on a year-over-year basis. sell-side analysts anticipate that Viper Energy Partners will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Monday, February 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 8.08%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, February 15th. Viper Energy Partners’s payout ratio is 127.36%.

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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.

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