Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Viper Energy Partners (VNOM) Stock Price
Media headlines about Viper Energy Partners (NASDAQ:VNOM) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Viper Energy Partners earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the oil and gas producer an impact score of 45.9921221853962 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Shell (RDS.A) to Sell Stakes in Comgas and Mukhaizna Field (zacks.com)
- Why Viper Energy Is Expected to Benefit from Its Strong Permian Focus (finance.yahoo.com)
- Insiders Seeing Green With VNOM At New 52-Week High (nasdaq.com)
- Viper Energy Partners LP (VNOM) Forecasted to Post Q3 2017 Earnings of $0.21 Per Share (americanbankingnews.com)
Shares of Viper Energy Partners (NASDAQ:VNOM) opened at 19.51 on Wednesday. The company’s 50 day moving average price is $17.72 and its 200 day moving average price is $17.18. Viper Energy Partners has a 52-week low of $13.53 and a 52-week high of $19.63. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 25.81 and a beta of 0.99.
Viper Energy Partners (NASDAQ:VNOM) last announced its earnings results 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. The business had revenue of $36.62 million for the quarter, compared to analysts’ expectations of $35.79 million. Viper Energy Partners had a return on equity of 11.19% and a net margin of 58.60%. On average, analysts predict that Viper Energy Partners will post $0.93 EPS for the current year.
A number of brokerages have recently weighed in on VNOM. Imperial Capital began coverage on Viper Energy Partners in a research report on Tuesday, August 15th. They issued an “outperform” rating and a $21.00 price objective on the stock. Stifel Nicolaus set a $20.00 price objective on Viper Energy Partners and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Barclays PLC cut their price objective on Viper Energy Partners from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research upgraded Viper Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Mizuho upgraded Viper Energy Partners from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.92.
In related news, VP Russell Pantermuehl bought 18,487 shares of the company’s stock in a transaction on Friday, July 21st. The shares were acquired at an average price of $14.75 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Diamondback Energy, Inc. bought 700,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were bought at an average cost of $14.38 per share, for a total transaction of $10,066,000.00. Following the transaction, the director now directly owns 73,150,000 shares in the company, valued at approximately $1,051,897,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 756,418 shares of company stock worth $10,901,466 in the last ninety days.
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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