Brokers Issue Forecasts for Viper Energy Partners LP’s FY2020 Earnings (VNOM)
Viper Energy Partners LP (NASDAQ:VNOM) – Equities research analysts at Imperial Capital increased their FY2020 earnings estimates for Viper Energy Partners in a research report issued to clients and investors on Thursday, February 7th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas producer will earn $0.50 per share for the year, up from their previous forecast of $0.41.
A number of other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Viper Energy Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 24th. Ifs Securities began coverage on shares of Viper Energy Partners in a research report on Monday, October 29th. They issued a “strong-buy” rating for the company. Oppenheimer reiterated a “buy” rating on shares of Viper Energy Partners in a research report on Monday, October 29th. Credit Suisse Group upped their price objective on shares of Viper Energy Partners from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 30th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price objective on shares of Viper Energy Partners in a research report on Monday, November 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Viper Energy Partners presently has a consensus rating of “Buy” and a consensus target price of $43.91.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Tuesday, February 5th. The oil and gas producer reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.17). The business had revenue of $73.67 million for the quarter, compared to analyst estimates of $81.53 million. Viper Energy Partners had a net margin of 49.62% and a return on equity of 7.06%. During the same quarter in the prior year, the firm earned $0.37 earnings per share.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Viper Energy Partners by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,064,741 shares of the oil and gas producer’s stock worth $44,825,000 after purchasing an additional 167,826 shares in the last quarter. Man Group plc purchased a new stake in shares of Viper Energy Partners during the third quarter worth about $583,000. GSA Capital Partners LLP increased its stake in shares of Viper Energy Partners by 132.7% during the third quarter. GSA Capital Partners LLP now owns 40,861 shares of the oil and gas producer’s stock worth $1,720,000 after purchasing an additional 23,301 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of Viper Energy Partners during the second quarter worth about $1,403,000. Finally, First National Trust Co purchased a new stake in shares of Viper Energy Partners during the third quarter worth about $278,000. 29.81% of the stock is owned by institutional investors and hedge funds.
In other news, President Hof Matthew Kaes Van’t sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $25.76, for a total transaction of $128,800.00. Following the completion of the sale, the president now owns 52,673 shares of the company’s stock, valued at $1,356,856.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Tuesday, February 19th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, February 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.37%. Viper Energy Partners’s dividend payout ratio is currently 214.81%.
Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. The company holds mineral interests covering an area of approximately 43,843 net acres in the Permian Basin, West Texas. As of December 31, 2017, its estimated proved oil and natural gas reserves consisted of 38,246 thousand barrels of crude oil equivalent.
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