Viper Energy Partners LP (NASDAQ:VNOM) Forecasted to Earn Q1 2020 Earnings of $0.05 Per Share

Viper Energy Partners LP (NASDAQ:VNOM) – Investment analysts at KeyCorp dropped their Q1 2020 earnings per share estimates for Viper Energy Partners in a report issued on Wednesday, February 12th. KeyCorp analyst L. Mariani now anticipates that the oil and gas producer will post earnings of $0.05 per share for the quarter, down from their prior estimate of $0.07. KeyCorp currently has a “Overweight” rating and a $28.00 price target on the stock. KeyCorp also issued estimates for Viper Energy Partners’ Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.05 EPS, Q4 2020 earnings at $0.05 EPS, FY2020 earnings at $0.20 EPS, Q1 2021 earnings at $0.06 EPS, Q2 2021 earnings at $0.05 EPS, Q3 2021 earnings at $0.06 EPS, Q4 2021 earnings at $0.06 EPS and FY2021 earnings at $0.23 EPS.

A number of other research firms have also recently issued reports on VNOM. TheStreet cut shares of Viper Energy Partners from a “b-” rating to a “c+” rating in a research report on Tuesday. Barclays restated a “buy” rating and issued a $34.00 price objective on shares of Viper Energy Partners in a research report on Tuesday, December 10th. BidaskClub upgraded shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus restated a “buy” rating and issued a $32.00 price objective on shares of Viper Energy Partners in a research report on Wednesday, January 8th. Finally, TD Securities decreased their price objective on shares of Viper Energy Partners from $44.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.13.

VNOM stock opened at $23.57 on Friday. The firm’s 50-day moving average price is $23.87 and its two-hundred day moving average price is $26.17. Viper Energy Partners has a 12-month low of $21.04 and a 12-month high of $36.73. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 30.61 and a beta of 1.33. The company has a current ratio of 14.44, a quick ratio of 14.44 and a debt-to-equity ratio of 0.26.

Viper Energy Partners (NASDAQ:VNOM) last issued its earnings results on Tuesday, February 11th. The oil and gas producer reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $92.71 million during the quarter, compared to analysts’ expectations of $89.23 million. Viper Energy Partners had a return on equity of 0.95% and a net margin of 15.51%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Castleark Management LLC boosted its stake in shares of Viper Energy Partners by 39.5% during the 3rd quarter. Castleark Management LLC now owns 80,613 shares of the oil and gas producer’s stock valued at $2,231,000 after purchasing an additional 22,820 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Viper Energy Partners by 7.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 58,000 shares of the oil and gas producer’s stock worth $1,605,000 after acquiring an additional 4,000 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Viper Energy Partners by 48.4% during the fourth quarter. Raymond James Trust N.A. now owns 11,352 shares of the oil and gas producer’s stock worth $280,000 after acquiring an additional 3,702 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Viper Energy Partners by 8,200.0% during the third quarter. Tower Research Capital LLC TRC now owns 2,573 shares of the oil and gas producer’s stock worth $71,000 after acquiring an additional 2,542 shares in the last quarter. Finally, Barclays PLC boosted its stake in Viper Energy Partners by 56.7% during the third quarter. Barclays PLC now owns 17,990 shares of the oil and gas producer’s stock worth $498,000 after acquiring an additional 6,507 shares in the last quarter. 39.19% of the stock is currently owned by hedge funds and other institutional investors.

In other news, President Hof Matthew Kaes Van’t sold 2,500 shares of Viper Energy Partners stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.85, for a total transaction of $62,125.00. Following the sale, the president now owns 39,624 shares of the company’s stock, valued at approximately $984,656.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date is Thursday, February 20th. Viper Energy Partners’s payout ratio is 170.37%.

About Viper Energy Partners

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

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