Brokerages predict that Viper Energy Partners LP (NASDAQ:VNOM) will announce earnings per share of $0.11 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Viper Energy Partners’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.01. Viper Energy Partners posted earnings per share of $0.05 during the same quarter last year, which suggests a positive year over year growth rate of 120%. The business is scheduled to report its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that Viper Energy Partners will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $1.08. For the next year, analysts forecast that the business will report earnings of $0.74 per share, with EPS estimates ranging from ($0.06) to $3.69. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Viper Energy Partners had a return on equity of 0.62% and a net margin of 13.18%. The business had revenue of $72.19 million during the quarter, compared to analysts’ expectations of $69.49 million. During the same period in the previous year, the company posted $1.35 EPS. Viper Energy Partners’s revenue for the quarter was down 4.1% on a year-over-year basis.
NASDAQ:VNOM traded down $0.47 during midday trading on Friday, reaching $29.16. 76,162 shares of the stock traded hands, compared to its average volume of 453,461. Viper Energy Partners has a 12-month low of $22.76 and a 12-month high of $44.00. The business has a 50-day moving average of $29.41 and a two-hundred day moving average of $31.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 17.70 and a current ratio of 17.70. The stock has a market capitalization of $3.94 billion, a PE ratio of 27.00 and a beta of 1.38.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 14th were issued a dividend of $0.47 per share. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.38. This represents a $1.88 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend was Tuesday, August 13th. Viper Energy Partners’s payout ratio is presently 174.07%.
A number of large investors have recently added to or reduced their stakes in VNOM. Carillon Tower Advisers Inc. grew its holdings in Viper Energy Partners by 101.4% during the first quarter. Carillon Tower Advisers Inc. now owns 1,913,390 shares of the oil and gas producer’s stock worth $63,448,000 after acquiring an additional 963,271 shares during the period. FMR LLC increased its stake in Viper Energy Partners by 14.7% in the 1st quarter. FMR LLC now owns 4,117,055 shares of the oil and gas producer’s stock worth $136,522,000 after purchasing an additional 528,497 shares in the last quarter. HITE Hedge Asset Management LLC increased its stake in Viper Energy Partners by 28.4% in the 1st quarter. HITE Hedge Asset Management LLC now owns 2,227,512 shares of the oil and gas producer’s stock worth $73,864,000 after purchasing an additional 492,217 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Viper Energy Partners in the 1st quarter worth about $10,229,000. Finally, Sapience Investments LLC purchased a new position in Viper Energy Partners in the 1st quarter worth about $10,152,000. 38.78% of the stock is currently owned by hedge funds and other 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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