Wall Street analysts predict that Viper Energy Partners LP (NASDAQ:VNOM) will post sales of $38.91 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Viper Energy Partners’ earnings, with the lowest sales estimate coming in at $36.35 million and the highest estimate coming in at $43.83 million. Viper Energy Partners posted sales of $20.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 94.6%. The firm is scheduled to issue its next earnings results on Monday, November 6th.

On average, analysts expect that Viper Energy Partners will report full year sales of $38.91 million for the current year, with estimates ranging from $144.10 million to $163.69 million. For the next year, analysts forecast that the company will report sales of $204.39 million per share, with estimates ranging from $164.40 million to $264.39 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Viper Energy Partners.

Viper Energy Partners (NASDAQ:VNOM) last released its earnings results on Tuesday, August 1st. The oil and gas producer reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $36.62 million during the quarter, compared to analysts’ expectations of $35.79 million. Viper Energy Partners had a net margin of 58.60% and a return on equity of 11.19%.

VNOM has been the topic of a number of recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $22.00 price target on shares of Viper Energy Partners in a report on Friday, June 2nd. Scotiabank restated a “hold” rating and set a $20.00 price target on shares of Viper Energy Partners in a report on Friday, June 30th. Northland Securities set a $21.00 price target on shares of Viper Energy Partners and gave the company a “buy” rating in a report on Monday, July 17th. BidaskClub upgraded shares of Viper Energy Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $22.00 price target on shares of Viper Energy Partners in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.42.

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In related news, CEO Travis D. Stice acquired 30,811 shares of the company’s stock in a transaction on 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Russell Pantermuehl acquired 18,487 shares of the company’s stock in a transaction on Friday, July 21st. The stock was bought at an average price of $14.75 per share, for a total transaction of $272,683.25. Following the purchase, the vice president now owns 48,487 shares in the company, valued at approximately $715,183.25. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 756,418 shares of company stock worth $10,901,466.

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its stake in Viper Energy Partners by 9.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 19,771 shares of the oil and gas producer’s stock valued at $310,000 after buying an additional 1,726 shares during the period. Scholtz & Company LLC increased its stake in Viper Energy Partners by 0.9% in the 2nd quarter. Scholtz & Company LLC now owns 69,345 shares of the oil and gas producer’s stock valued at $1,089,000 after buying an additional 625 shares during the period. Williams Jones & Associates LLC increased its stake in Viper Energy Partners by 74.3% in the 2nd quarter. Williams Jones & Associates LLC now owns 236,075 shares of the oil and gas producer’s stock valued at $3,706,000 after buying an additional 100,600 shares during the period. Virtu KCG Holdings LLC increased its stake in Viper Energy Partners by 77.4% in the 2nd quarter. Virtu KCG Holdings LLC now owns 19,160 shares of the oil and gas producer’s stock valued at $301,000 after buying an additional 8,357 shares during the period. Finally, FMR LLC increased its stake in Viper Energy Partners by 26.2% in the 2nd quarter. FMR LLC now owns 1,455,100 shares of the oil and gas producer’s stock valued at $22,845,000 after buying an additional 302,400 shares during the period. Hedge funds and other institutional investors own 15.59% of the company’s stock.

Viper Energy Partners (VNOM) traded down 0.17% during mid-day trading on Friday, reaching $17.37. 126,549 shares of the company’s stock traded hands. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 22.98 and a beta of 0.96. Viper Energy Partners has a 52-week low of $13.53 and a 52-week high of $19.38. The company has a 50-day moving average of $17.02 and a 200-day moving average of $17.09.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 17th were paid a $0.332 dividend. This represents a $1.33 annualized dividend and a yield of 7.65%. 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. Viper Energy Partners’s dividend payout ratio is currently 175.00%.

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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