Viper Energy Partners (NASDAQ:VNOM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently commented on VNOM. Imperial Capital set a $45.00 price objective on Viper Energy Partners and gave the company an “outperform” rating in a research report on Friday, August 10th. TD Securities set a $44.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research report on Saturday, August 11th. Stifel Nicolaus lifted their price objective on Viper Energy Partners from $32.00 to $38.00 and gave the company a “hold” rating in a research report on Tuesday, August 14th. Northland Securities set a $45.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, Raymond James lifted their price objective on Viper Energy Partners from $38.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 16th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Viper Energy Partners has an average rating of “Buy” and a consensus price target of $42.15.

Shares of NASDAQ:VNOM opened at $28.33 on Thursday. The firm has a market capitalization of $3.57 billion, a PE ratio of 26.48 and a beta of 1.10. The company has a quick ratio of 13.32, a current ratio of 13.32 and a debt-to-equity ratio of 0.23. Viper Energy Partners has a 52 week low of $20.97 and a 52 week high of $44.00.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Monday, October 29th. The oil and gas producer reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.36). The business had revenue of $78.60 million during the quarter, compared to analysts’ expectations of $78.65 million. Viper Energy Partners had a net margin of 67.73% and a return on equity of 10.95%. Viper Energy Partners’s revenue for the quarter was up 84.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 EPS. On average, research analysts anticipate that Viper Energy Partners will post 1.28 earnings per share for the current fiscal year.

In other news, Director Michael L. Hollis purchased 3,000 shares of the stock in a transaction on Thursday, November 1st. The stock was purchased at an average price of $33.68 per share, with a total value of $101,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Hof Matthew Kaes Van’t sold 14,800 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $38.71, for a total value of $572,908.00. Following the sale, the president now directly owns 72,473 shares of the company’s stock, valued at approximately $2,805,429.83. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Price Capital Management Inc. purchased a new stake in Viper Energy Partners during the third quarter valued at about $131,000. Penn Capital Management Co. Inc. purchased a new stake in shares of Viper Energy Partners in the third quarter worth about $213,000. Sawtooth Solutions LLC purchased a new stake in shares of Viper Energy Partners in the third quarter worth about $250,000. Cim LLC purchased a new stake in shares of Viper Energy Partners in the third quarter worth about $257,000. Finally, Geneva Partners LLC purchased a new stake in shares of Viper Energy Partners in the second quarter worth about $204,000. 29.74% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Story: Futures Contract

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations 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.