Viper Energy Partners LP (VNOM) Expected to Post Earnings of $0.28 Per Share
Brokerages expect that Viper Energy Partners LP (NASDAQ:VNOM) will post earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Viper Energy Partners’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.33. Viper Energy Partners reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 47.4%. The company is expected to issue its next earnings report on Tuesday, February 13th.
On average, analysts expect that Viper Energy Partners will report full-year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $1.03. For the next fiscal year, analysts forecast that the firm will report earnings of $1.26 per share, with EPS estimates ranging from $1.15 to $1.49. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Viper Energy Partners.
Viper Energy Partners (NASDAQ:VNOM) last posted its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The firm had revenue of $42.21 million for the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business’s revenue for the quarter was up 111.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share.
VNOM has been the topic of a number of research analyst reports. Northland Securities set a $24.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Thursday, August 3rd. Stifel Nicolaus set a $20.00 price target on shares of Viper Energy Partners and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Viper Energy Partners from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Barclays upped their price target on shares of Viper Energy Partners from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Finally, Imperial Capital initiated coverage on shares of Viper Energy Partners in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Viper Energy Partners has an average rating of “Buy” and a consensus target price of $21.45.
Viper Energy Partners (NASDAQ:VNOM) traded up $0.06 during midday trading on Tuesday, hitting $20.06. 171,200 shares of the stock were exchanged, compared to its average volume of 230,926. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,277.64, a PE ratio of 22.73, a PEG ratio of 1.38 and a beta of 1.01. Viper Energy Partners has a 12-month low of $14.76 and a 12-month high of $20.81.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were paid a $0.337 dividend. The ex-dividend date was Monday, November 6th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.33. This represents a $1.35 dividend on an annualized basis and a yield of 6.72%. Viper Energy Partners’s dividend payout ratio is 153.41%.
A number of large investors have recently added to or reduced their stakes in VNOM. Penserra Capital Management LLC purchased a new stake in Viper Energy Partners in the third quarter worth about $106,000. Creative Planning lifted its position in shares of Viper Energy Partners by 1,215.5% during the second quarter. Creative Planning now owns 13,155 shares of the oil and gas producer’s stock valued at $207,000 after buying an additional 12,155 shares during the last quarter. Credit Suisse AG purchased a new stake in shares of Viper Energy Partners during the first quarter valued at about $270,000. Renaissance Technologies LLC purchased a new stake in shares of Viper Energy Partners during the first quarter valued at about $281,000. Finally, Virtu KCG Holdings LLC lifted its position in shares of Viper Energy Partners by 77.4% during the second quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after buying an additional 8,357 shares during the last quarter. 27.12% of the stock is owned by institutional investors.
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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