Viper Energy Partners (VNOM) Earning Positive Press Coverage, Analysis Finds
News articles about Viper Energy Partners (NASDAQ:VNOM) have been trending positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Viper Energy Partners earned a news impact score of 0.28 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 45.3874998690766 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Viper Energy Partners (VNOM) Receives New Coverage from Analysts at Credit Suisse Group (americanbankingnews.com)
- Viper Energy Partners LP (VNOM) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- BlackRock MuniHoldings Investment Quality Fund (MFL) At $14.81 Forms Top; Viper Energy Partners LP (VNOM … – Hill Country Times (hillcountrytimes.com)
- Behind Viper Energy Partners’ Highest EBITDA Margin among MLPs (finance.yahoo.com)
- Why Golar LNG Partners Ranks 2nd among MLPs (finance.yahoo.com)
Several brokerages recently weighed in on VNOM. Imperial Capital began coverage on shares of Viper Energy Partners in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 price target on the stock. Northland Securities reaffirmed a “buy” rating and issued a $24.00 price target on shares of Viper Energy Partners in a research report on Tuesday, September 5th. Piper Jaffray Companies dropped 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 report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viper Energy Partners in a research report on Sunday, September 10th. Finally, SunTrust Banks began coverage on shares of Viper Energy Partners in a research report on Wednesday, November 29th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Viper Energy Partners currently has a consensus rating of “Buy” and a consensus target price of $22.55.
Viper Energy Partners (VNOM) traded up $0.37 during trading on Wednesday, hitting $22.19. 235,524 shares of the company’s stock traded hands, compared to its average volume of 235,803. Viper Energy Partners has a 1 year low of $14.76 and a 1 year high of $22.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.92 and a current ratio of 8.92. The company has a market cap of $2,480.35, a PE ratio of 24.75, a P/E/G ratio of 1.50 and a beta of 1.06.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $42.21 million for the quarter, compared to analysts’ expectations of $40.88 million. During the same quarter last year, the firm earned $0.12 EPS. The company’s quarterly revenue was up 111.2% compared to the same quarter last year. sell-side analysts expect that Viper Energy Partners will post 0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were given a dividend of $0.337 per share. The ex-dividend date was Monday, November 6th. This represents a $1.35 annualized dividend and a dividend yield of 6.07%. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.33. Viper Energy Partners’s dividend payout ratio (DPR) is currently 153.41%.
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.
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