Viper Energy Partners (NASDAQ:VNOM) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday, January 7th, BidAskClub reports.

Other research analysts have also recently issued reports about the stock. Northland Securities restated a buy rating and issued a $35.00 price objective on shares of Viper Energy Partners in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on Viper Energy Partners from $34.00 to $32.00 and set an overweight rating on the stock in a research report on Wednesday, October 9th. TheStreet raised Viper Energy Partners from a c+ rating to a b rating in a research note on Tuesday, October 29th. Stifel Nicolaus reissued a buy rating on shares of Viper Energy Partners in a research note on Tuesday, September 17th. Finally, ValuEngine cut shares of Viper Energy Partners from a buy rating to a hold rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $38.43.

Viper Energy Partners stock traded up $0.19 during mid-day trading on Tuesday, reaching $24.76. 170 shares of the company’s stock were exchanged, compared to its average volume of 506,689. Viper Energy Partners has a one year low of $21.89 and a one year high of $36.73. The firm has a market capitalization of $3.33 billion, a PE ratio of 22.92 and a beta of 1.31. The business’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $27.33. The company has a quick ratio of 14.44, a current ratio of 14.44 and a debt-to-equity ratio of 0.26.

Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Tuesday, October 29th. The oil and gas producer reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $71.79 million for the quarter, compared to analysts’ expectations of $73.40 million. Viper Energy Partners had a return on equity of 0.95% and a net margin of 15.51%. The company’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. On average, sell-side analysts forecast that Viper Energy Partners will post 0.18 earnings per share for the current year.

In other news, President Hof Matthew Kaes Van’t sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $24.85, for a total transaction of $62,125.00. Following the completion of the transaction, the president now directly owns 39,624 shares of the company’s stock, valued at $984,656.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of VNOM. Tower Research Capital LLC TRC increased its stake in shares of Viper Energy Partners by 8,200.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the oil and gas producer’s stock worth $71,000 after purchasing an additional 2,542 shares in the last quarter. Royal Bank of Canada bought a new position in shares of Viper Energy Partners during the second quarter worth $83,000. Jane Street Group LLC boosted its position in shares of Viper Energy Partners by 31.1% during the second quarter. Jane Street Group LLC now owns 7,033 shares of the oil and gas producer’s stock worth $217,000 after acquiring an additional 1,670 shares during the last quarter. Raymond James Trust N.A. grew its stake in Viper Energy Partners by 8.4% during the third quarter. Raymond James Trust N.A. now owns 7,650 shares of the oil and gas producer’s stock valued at $212,000 after acquiring an additional 593 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Viper Energy Partners by 6.8% during the second quarter. Envestnet Asset Management Inc. now owns 8,577 shares of the oil and gas producer’s stock valued at $264,000 after acquiring an additional 545 shares in the last quarter. 39.31% of the stock is currently owned by institutional investors.

Viper Energy Partners Company Profile

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2018, it had mineral interests in 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale with estimated proved oil and natural gas reserves of 63,136 thousand barrels of crude oil equivalent.

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Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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