Zacks: Analysts Anticipate Viper Energy Partners (VNOM) Will Announce Quarterly Sales of $58.41 Million

Equities research analysts expect Viper Energy Partners (NASDAQ:VNOM) to report $58.41 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Viper Energy Partners’ earnings. The highest sales estimate is $64.00 million and the lowest is $55.00 million. Viper Energy Partners reported sales of $33.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 73.6%. The firm is expected to report its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Viper Energy Partners will report full year sales of $254.17 million for the current fiscal year, with estimates ranging from $231.90 million to $277.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $293.70 million per share, with estimates ranging from $260.20 million to $321.15 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Viper Energy Partners.

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Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results on Tuesday, February 6th. The oil and gas producer reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.08. The business had revenue of $59.20 million during the quarter, compared to analyst estimates of $51.28 million. Viper Energy Partners had a return on equity of 13.92% and a net margin of 64.80%. Viper Energy Partners’s revenue for the quarter was up 112.2% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS.

Several research analysts recently issued reports on VNOM shares. Zacks Investment Research lowered Viper Energy Partners from a “strong-buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research report on Saturday, January 13th. Piper Jaffray set a $32.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Mizuho set a $29.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Imperial Capital set a $27.00 target price on Viper Energy Partners and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Citigroup lowered Viper Energy Partners from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $27.15.

Hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. raised its position in shares of Viper Energy Partners by 940.0% in the 4th quarter. Thompson Davis & CO. Inc. now owns 5,200 shares of the oil and gas producer’s stock worth $121,000 after acquiring an additional 4,700 shares in the last quarter. Driehaus Capital Management LLC bought a new position in shares of Viper Energy Partners in the 4th quarter worth about $205,000. Investment House LLC bought a new position in shares of Viper Energy Partners in the 4th quarter worth about $223,000. Cushing Asset Management LP bought a new position in shares of Viper Energy Partners in the 4th quarter worth about $373,000. Finally, Wolverine Trading LLC bought a new position in shares of Viper Energy Partners in the 4th quarter worth about $415,000. 26.91% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:VNOM opened at $28.15 on Monday. The firm has a market cap of $3,029.26, a P/E ratio of 26.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 9.86 and a quick ratio of 9.86. Viper Energy Partners has a 12-month low of $14.76 and a 12-month high of $28.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 20th will be given a $0.48 dividend. The ex-dividend date is Thursday, April 19th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.46. This represents a $1.92 annualized dividend and a dividend yield of 6.82%. Viper Energy Partners’s dividend payout ratio (DPR) is 171.96%.

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About Viper Energy Partners

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

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