Media headlines about Viper Energy Partners (NASDAQ:VNOM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Viper Energy Partners earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 45.3738897568523 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
VNOM has been the topic of several research reports. Credit Suisse Group reissued an “outperform” rating and set a $22.00 price objective on shares of Viper Energy Partners in a research report on Friday, June 2nd. Scotiabank reissued a “hold” rating and set a $20.00 price objective on shares of Viper Energy Partners in a research report on Friday, June 30th. Northland Securities set a $21.00 price objective on shares of Viper Energy Partners and gave the stock a “buy” rating in a research report on Monday, July 17th. BidaskClub raised shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $22.00 price objective on shares of Viper Energy Partners in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.58.
Shares of Viper Energy Partners (VNOM) traded up 1.22% during mid-day trading on Friday, hitting $17.40. 184,748 shares of the stock traded hands. The firm’s 50 day moving average price is $17.02 and its 200-day moving average price is $17.09. The stock has a market cap of $1.98 billion, a P/E ratio of 23.02 and a beta of 0.96. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $19.38.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. The company had revenue of $36.62 million for the quarter, compared to analysts’ expectations of $35.79 million. Analysts predict that Viper Energy Partners will post $0.91 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were paid a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 7.63%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.30. Viper Energy Partners’s dividend payout ratio is currently 175.00%.
In related news, CEO Travis D. Stice acquired 30,811 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were bought at an average price of $14.75 per share, for a total transaction of $454,462.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael L. Hollis acquired 2,500 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of $16.07 per share, for a total transaction of $40,175.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 756,418 shares of company stock worth $10,901,466.
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Viper Energy Partners Company Profile
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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