Viper Energy Partners LP (NASDAQ:VNOM) – Equities research analysts at Imperial Capital increased their Q4 2017 earnings estimates for shares of Viper Energy Partners in a report released on Tuesday. Imperial Capital analyst J. Wangler now forecasts that the oil and gas producer will post earnings of $0.25 per share for the quarter, up from their prior estimate of $0.24. Imperial Capital currently has a “Buy” rating and a $27.00 target price on the stock. Imperial Capital also issued estimates for Viper Energy Partners’ Q1 2018 earnings at $0.26 EPS, Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.31 EPS and Q4 2018 earnings at $0.35 EPS.

Other equities research analysts also recently issued research reports about the company. Mizuho upgraded Viper Energy Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, August 23rd. Barclays set a $20.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a report on Monday, October 16th. UBS assumed coverage on Viper Energy Partners in a report on Monday, October 2nd. They issued a “neutral” rating and a $18.00 price objective on the stock. BidaskClub upgraded Viper Energy Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded Viper Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $22.91.

Shares of Viper Energy Partners (NASDAQ:VNOM) traded up $0.71 during trading on Wednesday, hitting $22.13. The stock had a trading volume of 289,600 shares, compared to its average volume of 240,868. Viper Energy Partners has a twelve month low of $14.76 and a twelve month high of $22.66. The firm has a market cap of $2,439.35, a price-to-earnings ratio of 24.34, a PEG ratio of 1.48 and a beta of 1.06. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. The business had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was up 111.2% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its position in shares of Viper Energy Partners by 16.8% during the 3rd quarter. GSA Capital Partners LLP now owns 123,756 shares of the oil and gas producer’s stock worth $2,307,000 after acquiring an additional 17,794 shares in the last quarter. Gen IV Investment Opportunities LLC boosted its position in shares of Viper Energy Partners by 390.8% during the 3rd quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock worth $11,099,000 after acquiring an additional 474,100 shares in the last quarter. RR Advisors LLC boosted its position in shares of Viper Energy Partners by 11.0% during the 3rd quarter. RR Advisors LLC now owns 657,000 shares of the oil and gas producer’s stock worth $12,229,000 after acquiring an additional 65,000 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Viper Energy Partners by 10.1% during the 3rd quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock worth $11,135,000 after acquiring an additional 54,752 shares in the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position in shares of Viper Energy Partners by 320.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock worth $37,206,000 after acquiring an additional 1,521,773 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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About Viper Energy Partners

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.

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

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