Viper Energy Partners (VNOM) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Viper Energy Partners (NASDAQ:VNOM) in a research note published on Monday, Benzinga reports. The brokerage issued an overweight rating and a $44.00 price objective on the oil and gas producer’s stock.

A number of other brokerages also recently weighed in on VNOM. BidaskClub raised shares of Viper Energy Partners from a hold rating to a buy rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of Viper Energy Partners from a sell rating to a hold rating in a report on Tuesday, March 12th. Northland Securities reissued a buy rating and issued a $38.00 price target on shares of Viper Energy Partners in a report on Wednesday, May 1st. Raymond James set a $50.00 price target on shares of Viper Energy Partners and gave the company a buy rating in a report on Friday, March 1st. Finally, Imperial Capital reissued an outperform rating and issued a $37.00 price target (up from $35.00) on shares of Viper Energy Partners in a report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $42.21.

NASDAQ VNOM opened at $31.90 on Monday. The company has a quick ratio of 20.09, a current ratio of 20.09 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.26 billion, a P/E ratio of 29.54 and a beta of 1.29. Viper Energy Partners has a 1 year low of $22.76 and a 1 year high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). The firm had revenue of $61.59 million for the quarter, compared to the consensus estimate of $68.04 million. Viper Energy Partners had a return on equity of 2.33% and a net margin of 46.62%. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts expect that Viper Energy Partners will post 1.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, May 10th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 140.74%.

In other Viper Energy Partners news, President Hof Matthew Kaes Van’t sold 2,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $31.65, for a total value of $79,125.00. Following the completion of the sale, the president now directly owns 42,124 shares of the company’s stock, valued at approximately $1,333,224.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its stake in shares of Viper Energy Partners by 5.0% in the 1st quarter. Alps Advisors Inc. now owns 11,844 shares of the oil and gas producer’s stock valued at $393,000 after buying an additional 566 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Viper Energy Partners by 13.7% in the 1st quarter. Stephens Inc. AR now owns 9,950 shares of the oil and gas producer’s stock valued at $330,000 after buying an additional 1,200 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Viper Energy Partners in the 1st quarter valued at $50,000. Capital Investment Advisory Services LLC acquired a new position in shares of Viper Energy Partners in the 1st quarter valued at $60,000. Finally, Northeast Investment Management raised its stake in shares of Viper Energy Partners by 30.5% in the 4th quarter. Northeast Investment Management now owns 8,589 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 2,007 shares in the last quarter. Institutional investors own 33.31% 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.

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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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