Viper Energy Partners (NASDAQ:VNOM) – Equities researchers at Imperial Capital boosted their Q3 2018 earnings estimates for shares of Viper Energy Partners in a research report issued on Thursday, April 12th. Imperial Capital analyst J. Wangler now expects that the oil and gas producer will earn $0.29 per share for the quarter, up from their prior estimate of $0.28. Imperial Capital has a “Buy” rating and a $30.00 price target on the stock. Imperial Capital also issued estimates for Viper Energy Partners’ Q4 2018 earnings at $0.30 EPS, FY2018 earnings at $1.26 EPS and FY2019 earnings at $1.41 EPS.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Viper Energy Partners from a “strong-buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Saturday, January 13th. Piper Jaffray set a $32.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a research note on Tuesday, February 27th. Mizuho set a $29.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a research note on Tuesday, January 16th. Citigroup downgraded shares of Viper Energy Partners from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Finally, SunTrust Banks restated a “buy” rating and issued a $32.00 price target on shares of Viper Energy Partners in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.15.
Viper Energy Partners (NASDAQ:VNOM) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The company had revenue of $59.20 million for the quarter, compared to analyst estimates of $51.28 million. Viper Energy Partners had a net margin of 64.80% and a return on equity of 13.92%. The company’s revenue was up 112.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 20th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.82%. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Thursday, April 19th. Viper Energy Partners’s dividend payout ratio is presently 171.96%.
A number of institutional investors have recently made changes to their positions in VNOM. Kayne Anderson Capital Advisors LP grew its stake in Viper Energy Partners by 24.0% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,528,595 shares of the oil and gas producer’s stock worth $35,656,000 after buying an additional 295,395 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Viper Energy Partners by 825.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 297,925 shares of the oil and gas producer’s stock worth $6,951,000 after buying an additional 265,725 shares in the last quarter. Deutsche Bank AG grew its stake in Viper Energy Partners by 135.4% during the fourth quarter. Deutsche Bank AG now owns 374,922 shares of the oil and gas producer’s stock worth $8,746,000 after buying an additional 215,622 shares in the last quarter. Aurora Investment Counsel acquired a new stake in Viper Energy Partners during the fourth quarter worth about $3,466,000. Finally, Spirit of America Management Corp NY acquired a new stake in Viper Energy Partners during the fourth quarter worth about $3,021,000. Hedge funds and other institutional investors own 26.91% of the company’s stock.
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Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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