BidaskClub upgraded shares of Viper Energy Partners (NASDAQ:VNOM) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

A number of other analysts have also recently commented on the stock. Northland Securities restated a buy rating and set a $24.00 price target on shares of Viper Energy Partners in a research note on Thursday, October 12th. SunTrust Banks started coverage on shares of Viper Energy Partners in a research note on Wednesday, November 29th. They set a buy rating on the stock. Zacks Investment Research cut shares of Viper Energy Partners from a buy rating to a hold rating in a research note on Tuesday, November 14th. Citigroup upped their price target on shares of Viper Energy Partners from $20.00 to $22.00 and gave the company a buy rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies dropped their price target on shares of Viper Energy Partners from $22.00 to $20.00 and set an overweight rating on the stock in a research note on Monday, September 18th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $22.55.

Shares of Viper Energy Partners (NASDAQ VNOM) traded down $0.45 during mid-day trading on Friday, hitting $21.70. 1,360,000 shares of the company were exchanged, compared to its average volume of 238,480. The stock has a market cap of $2,420.00, a PE ratio of 25.17, a P/E/G ratio of 1.53 and a beta of 1.06. The company has a quick ratio of 8.92, a current ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a 12 month low of $14.76 and a 12 month high of $22.66.

Viper Energy Partners (NASDAQ:VNOM) last announced its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $42.21 million for the quarter, compared to analysts’ expectations of $40.88 million. Viper Energy Partners had a net margin of 60.87% and a return on equity of 12.08%. Viper Energy Partners’s revenue was up 111.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. sell-side analysts anticipate that Viper Energy Partners will post 0.96 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in Viper Energy Partners by 16.8% during the 3rd quarter. GSA Capital Partners LLP now owns 123,756 shares of the oil and gas producer’s stock worth $2,307,000 after acquiring an additional 17,794 shares during the period. Gen IV Investment Opportunities LLC increased its holdings in Viper Energy Partners by 390.8% during the 3rd quarter. Gen IV Investment Opportunities LLC now owns 595,421 shares of the oil and gas producer’s stock worth $11,099,000 after acquiring an additional 474,100 shares during the period. RR Advisors LLC increased its holdings in Viper Energy Partners by 11.0% during the 3rd quarter. RR Advisors LLC now owns 657,000 shares of the oil and gas producer’s stock worth $12,229,000 after acquiring an additional 65,000 shares during the period. Wells Fargo & Company MN increased its holdings in Viper Energy Partners by 10.1% during the 3rd quarter. Wells Fargo & Company MN now owns 597,367 shares of the oil and gas producer’s stock worth $11,135,000 after acquiring an additional 54,752 shares during the period. Finally, HITE Hedge Asset Management LLC increased its holdings in Viper Energy Partners by 320.9% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,996,005 shares of the oil and gas producer’s stock worth $37,206,000 after acquiring an additional 1,521,773 shares during the period. 27.14% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/16/viper-energy-partners-vnom-upgraded-to-strong-buy-by-bidaskclub.html.

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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

Receive News & Stock Ratings for Viper Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viper Energy Partners and related stocks with our FREE daily email newsletter.