Somewhat Favorable News Coverage Somewhat Unlikely to Impact Viper Energy Partners (VNOM) Share Price
Media headlines about Viper Energy Partners (NASDAQ:VNOM) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viper Energy Partners earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the oil and gas producer an impact score of 45.618572807535 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Viper Energy Partners (NASDAQ:VNOM) opened at 16.88 on Monday. Viper Energy Partners has a 52 week low of $13.53 and a 52 week high of $19.38. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 22.33 and a beta of 0.96. The stock’s 50 day moving average price is $16.95 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 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $36.62 million for the quarter, compared to analyst estimates of $35.79 million. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. Equities analysts predict that Viper Energy Partners will post $0.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 17th were given a dividend of $0.332 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This is a positive change from Viper Energy Partners’s previous quarterly dividend of $0.30. This represents a $1.33 annualized dividend and a dividend yield of 7.87%. Viper Energy Partners’s dividend payout ratio is 175.00%.
Several analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Viper Energy Partners in a research note on Friday, July 14th. BidaskClub lowered Viper Energy Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 22nd. Piper Jaffray Companies assumed coverage on Viper Energy Partners in a research note on Saturday, May 27th. They issued a “buy” rating and a $22.00 price objective on the stock. Northland Securities set a $22.00 price objective on Viper Energy Partners and gave the company a “buy” rating in a research note on Sunday, July 23rd. Finally, Imperial Capital assumed coverage on Viper Energy Partners in a research note on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.58.
In other news, VP Russell Pantermuehl acquired 18,487 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of $14.75 per share, for a total transaction of $272,683.25. Following the transaction, the vice president now owns 48,487 shares of the company’s stock, valued at $715,183.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Travis D. Stice acquired 30,811 shares of Viper Energy Partners stock in a transaction dated Friday, July 21st. The shares were purchased at an average price of $14.75 per share, for a total transaction of $454,462.25. The disclosure for this purchase can be found here. Insiders have bought a total of 756,418 shares of company stock worth $10,901,466 over the last quarter.
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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