Equities Analysts Lower Earnings Estimates for Viper Energy Partners LP (NASDAQ:VNOM)

Equities Analysts Lower Earnings Estimates for Viper Energy Partners LP (NASDAQ:VNOM)

Viper Energy Partners LP (NASDAQ:VNOM) – Equities researchers at Capital One Financial dropped their Q3 2019 earnings per share (EPS) estimates for shares of Viper Energy Partners in a report released on Monday, August 5th. Capital One Financial analyst K. May now expects that the oil and gas producer will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.09. Capital One Financial has a “Overweight” rating and a $37.00 price target on the stock. Capital One Financial also issued estimates for Viper Energy Partners’ Q4 2019 earnings at $0.22 EPS and Q4 2020 earnings at $0.17 EPS.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas producer reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $72.19 million during the quarter, compared to analyst estimates of $69.49 million. Viper Energy Partners had a net margin of 13.18% and a return on equity of 0.62%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share.

A number of other analysts have also issued reports on the stock. SunTrust Banks initiated coverage on shares of Viper Energy Partners in a research report on Monday, June 17th. They set a “buy” rating and a $36.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of Viper Energy Partners in a research note on Thursday, April 18th. They issued an “outperform” rating and a $43.00 price objective for the company. BidaskClub upgraded shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday. ValuEngine upgraded shares of Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Barclays assumed coverage on shares of Viper Energy Partners in a research note on Monday, May 13th. They issued an “overweight” rating and a $44.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have given a buy rating and three have given a strong buy rating to the stock. Viper Energy Partners currently has a consensus rating of “Buy” and a consensus target price of $41.06.

Shares of NASDAQ VNOM opened at $29.82 on Wednesday. Viper Energy Partners has a 1 year low of $22.76 and a 1 year high of $44.00. The stock’s 50 day moving average price is $30.33. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 27.61 and a beta of 1.35. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 14th will be issued a $0.47 dividend. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Tuesday, August 13th. This represents a $1.88 annualized dividend and a dividend yield of 6.30%. Viper Energy Partners’s dividend payout ratio is presently 140.74%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Arlington Partners LLC acquired a new stake in shares of Viper Energy Partners in the 2nd quarter valued at approximately $46,000. Cullen Frost Bankers Inc. bought a new position in Viper Energy Partners during the first quarter valued at approximately $50,000. Capital Investment Advisory Services LLC bought a new position in Viper Energy Partners during the first quarter valued at approximately $60,000. Belpointe Asset Management LLC bought a new position in Viper Energy Partners during the first quarter valued at approximately $138,000. Finally, Baldwin Brothers Inc. MA bought a new position in Viper Energy Partners during the first quarter valued at approximately $157,000. 38.70% of the stock is currently owned by institutional investors and hedge funds.

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.

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