Viper Energy Partners (NASDAQ:VNOM) received a $29.00 target price from analysts at Mizuho in a report issued on Tuesday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Mizuho’s price target points to a potential upside of 19.64% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Piper Jaffray Companies dropped their price target on Viper Energy Partners from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, September 18th. SunTrust Banks began coverage on Viper Energy Partners in a research report on Wednesday, November 29th. They set a “buy” rating on the stock. Credit Suisse Group began coverage on Viper Energy Partners in a research report on Monday, December 11th. They set an “outperform” rating and a $25.00 price target on the stock. BidaskClub raised Viper Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Imperial Capital reissued an “in-line” rating and issued a $23.00 target price (up previously from $21.00) on shares of Viper Energy Partners in a research report on Wednesday, October 4th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.83.

Shares of Viper Energy Partners (NASDAQ:VNOM) opened at $24.24 on Tuesday. The company has a market capitalization of $2,725.20, a PE ratio of 27.55, a PEG ratio of 1.25 and a beta of 1.07. The company has a current ratio of 8.92, a quick ratio of 8.92 and a debt-to-equity ratio of 0.04. Viper Energy Partners has a 1 year low of $14.76 and a 1 year high of $24.74.

Viper Energy Partners (NASDAQ:VNOM) last released its quarterly earnings results on Tuesday, October 24th. The oil and gas producer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. The company had revenue of $42.21 million for the quarter, compared to analyst estimates of $40.88 million. Viper Energy Partners had a return on equity of 12.08% and a net margin of 60.87%. Viper Energy Partners’s revenue was up 111.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. research analysts forecast that Viper Energy Partners will post 0.96 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in Viper Energy Partners in the 3rd quarter valued at approximately $106,000. Virtu KCG Holdings LLC raised its position 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 last quarter. Raymond James Financial Services Advisors Inc. raised its position 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 last quarter. Alps Advisors Inc. acquired a new stake in Viper Energy Partners in the 3rd quarter valued at approximately $514,000. Finally, Scholtz & Company LLC raised its position 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 last quarter. 27.25% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Viper Energy Partners (NASDAQ:VNOM)

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