Viper Energy Partners (VNOM) Getting Somewhat Favorable News Coverage, Report Shows
Headlines about Viper Energy Partners (NASDAQ:VNOM) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viper Energy Partners earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 45.9255564551197 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Viper Energy Partners LP (VNOM) Forecasted to Post Q3 2017 Earnings of $0.21 Per Share (americanbankingnews.com)
- Viper Energy Partners’ (VNOM) “In-Line” Rating Reaffirmed at Imperial Capital (americanbankingnews.com)
- Diamondback Energy (FANG) Provides Q3 Production Update (streetinsider.com)
- BRIEF-Viper Energy Partners production for Q3 of 2017 was 12.6 MBOE/D (reuters.com)
- Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Third Quarter 2017 Production Update (finance.yahoo.com)
Several equities analysts recently commented on VNOM shares. Scotiabank restated a “hold” rating and set a $20.00 target price on shares of Viper Energy Partners in a research report on Friday, June 30th. Northland Securities set a $21.00 target price on Viper Energy Partners and gave the company a “buy” rating in a research note on Monday, July 17th. BidaskClub raised Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 11th. Zacks Investment Research lowered Viper Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Piper Jaffray Companies lowered their price target on Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $20.62.
Viper Energy Partners (VNOM) traded up 0.90% on Thursday, reaching $19.12. The company had a trading volume of 101,846 shares. Viper Energy Partners has a 1-year low of $13.53 and a 1-year high of $19.38. The firm has a market capitalization of $2.18 billion, a P/E ratio of 25.29 and a beta of 0.99. The company’s 50-day moving average price is $17.36 and its 200 day moving average price is $17.13.
Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Viper Energy Partners had a net margin of 58.60% and a return on equity of 11.19%. The company had revenue of $36.62 million during the quarter, compared to analysts’ expectations of $35.79 million. On average, equities analysts forecast that Viper Energy Partners will post $0.93 EPS for the current year.
In other Viper Energy Partners news, CEO Travis D. Stice acquired 30,811 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $14.75 per share, with a total value of $454,462.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael L. Hollis acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $16.07 per share, with a total value of $40,175.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 756,418 shares of company stock valued at $10,901,466.
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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.
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