Viper Energy Partners LP (VNOM) To Go Ex-Dividend on November 6th
Viper Energy Partners LP (NASDAQ:VNOM) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Tuesday, November 7th will be given a dividend of 0.337 per share by the oil and gas producer on Tuesday, November 14th. This represents a $1.35 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend is Monday, November 6th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.33.
Viper Energy Partners (NASDAQ VNOM) opened at $19.81 on Friday. Viper Energy Partners has a 12-month low of $13.53 and a 12-month high of $20.24. The stock has a market cap of $2,256.00, a PE ratio of 22.51, a P/E/G ratio of 1.40 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92.
Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings data on Tuesday, October 24th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. The business had revenue of $42.21 million during the quarter, compared to analyst estimates of $40.88 million. During the same period last year, the business earned $0.12 EPS. Viper Energy Partners’s revenue was up 111.2% compared to the same quarter last year. equities analysts anticipate that Viper Energy Partners will post 0.94 earnings per share for the current year.
VNOM has been the topic of several analyst reports. Northland Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of Viper Energy Partners in a report on Thursday, October 12th. BidaskClub raised shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies decreased their price target on shares of Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday, September 18th. Zacks Investment Research downgraded shares of Viper Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, UBS AG started coverage on shares of Viper Energy Partners in a research report on Monday, October 2nd. They set a “neutral” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.45.
In related news, Director Michael L. Hollis purchased 2,500 shares of Viper Energy Partners stock in a transaction dated Friday, August 18th. The shares were acquired at an average price of $16.07 per share, for a total transaction of $40,175.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
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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