SunTrust Banks Weighs in on Viper Energy Partners LP’s Q4 2019 Earnings (NASDAQ:VNOM)

Viper Energy Partners LP (NASDAQ:VNOM) – Analysts at SunTrust Banks lifted their Q4 2019 earnings estimates for shares of Viper Energy Partners in a research report issued to clients and investors on Wednesday, October 30th. SunTrust Banks analyst W. Fitzpatrick now anticipates that the oil and gas producer will post earnings of $0.09 per share for the quarter, up from their previous estimate of $0.05. SunTrust Banks also issued estimates for Viper Energy Partners’ Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.11 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.13 EPS, FY2020 earnings at $0.48 EPS and FY2021 earnings at $0.42 EPS.

Several other analysts have also commented on the company. Goldman Sachs Group assumed coverage on Viper Energy Partners in a report on Wednesday, September 25th. They set a “buy” rating and a $35.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and set a $35.00 target price on shares of Viper Energy Partners in a report on Monday, September 16th. Evercore ISI assumed coverage on Viper Energy Partners in a report on Tuesday, July 30th. They set an “outperform” rating and a $38.00 target price on the stock. TD Securities dropped their target price on Viper Energy Partners from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, ValuEngine lowered Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $39.88.

Viper Energy Partners stock opened at $25.29 on Monday. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 23.42 and a beta of 1.29. Viper Energy Partners has a 52 week low of $22.76 and a 52 week high of $36.73. The business’s 50-day moving average price is $27.24 and its 200 day moving average price is $29.38. The company has a quick ratio of 17.70, a current ratio of 14.44 and a debt-to-equity ratio of 0.26.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $71.79 million during the quarter, compared to analyst estimates of $73.40 million. Viper Energy Partners had a net margin of 15.51% and a return on equity of 0.95%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a $0.46 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.22. This represents a $1.84 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend is Thursday, November 7th. Viper Energy Partners’s dividend payout ratio (DPR) is presently 174.07%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cardinal Capital Management LLC CT grew its holdings in Viper Energy Partners by 1.0% in the second quarter. Cardinal Capital Management LLC CT now owns 1,390,834 shares of the oil and gas producer’s stock valued at $42,866,000 after purchasing an additional 14,414 shares during the period. Invesco Ltd. grew its holdings in Viper Energy Partners by 6.0% in the second quarter. Invesco Ltd. now owns 1,226,928 shares of the oil and gas producer’s stock valued at $37,813,000 after purchasing an additional 69,124 shares during the period. GW&K Investment Management LLC grew its holdings in Viper Energy Partners by 13.6% in the second quarter. GW&K Investment Management LLC now owns 729,295 shares of the oil and gas producer’s stock valued at $22,477,000 after purchasing an additional 87,028 shares during the period. Emerald Advisers LLC grew its holdings in Viper Energy Partners by 23.3% in the second quarter. Emerald Advisers LLC now owns 515,962 shares of the oil and gas producer’s stock valued at $15,902,000 after purchasing an additional 97,513 shares during the period. Finally, Spirit of America Management Corp NY grew its holdings in Viper Energy Partners by 17.1% in the second quarter. Spirit of America Management Corp NY now owns 479,817 shares of the oil and gas producer’s stock valued at $14,788,000 after purchasing an additional 70,071 shares during the period. 38.79% of the stock is currently owned by institutional investors.

Viper Energy Partners Company Profile

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.

See Also: What causes a stock to be most active?

Earnings History and Estimates for Viper Energy Partners (NASDAQ:VNOM)

Receive News & Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.