Viper Energy Partners LP (NASDAQ:VNOM – Free Report) – Stock analysts at Zacks Research boosted their Q1 2024 earnings estimates for shares of Viper Energy Partners in a report issued on Tuesday, September 5th. Zacks Research analyst N. Banerjee now anticipates that the oil and gas producer will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.31. The consensus estimate for Viper Energy Partners’ current full-year earnings is $1.65 per share. Zacks Research also issued estimates for Viper Energy Partners’ Q2 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.49 EPS, Q4 2024 earnings at $0.59 EPS and FY2024 earnings at $1.71 EPS.
A number of other brokerages have also weighed in on VNOM. TD Securities raised their price target on shares of Viper Energy Partners from $36.00 to $37.50 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their target price on Viper Energy Partners from $34.00 to $38.00 in a research note on Wednesday. Stifel Nicolaus cut their price target on Viper Energy Partners from $33.00 to $32.00 in a research note on Monday, May 22nd. Evercore ISI lifted their price objective on Viper Energy Partners from $34.00 to $35.00 in a research report on Friday, July 21st. Finally, StockNews.com downgraded shares of Viper Energy Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.56.
Viper Energy Partners Stock Up 1.2 %
Shares of NASDAQ:VNOM opened at $28.85 on Wednesday. Viper Energy Partners has a 12 month low of $24.48 and a 12 month high of $36.10. The firm has a market cap of $4.66 billion, a P/E ratio of 12.88 and a beta of 1.86. The company has a quick ratio of 3.77, a current ratio of 3.77 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $27.25 and its two-hundred day moving average price is $27.56.
Viper Energy Partners (NASDAQ:VNOM – Get Free Report) last released its quarterly earnings results on Monday, July 31st. The oil and gas producer reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.26. The business had revenue of $160.79 million for the quarter, compared to analyst estimates of $159.57 million. Viper Energy Partners had a return on equity of 7.26% and a net margin of 21.93%.
Viper Energy Partners Cuts Dividend
The firm also recently declared a None dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 10th were given a dividend of $0.09 per share. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, August 9th. Viper Energy Partners’s dividend payout ratio is currently 48.21%.
Institutional Investors Weigh In On Viper Energy Partners
A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Viper Energy Partners by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 62,727 shares of the oil and gas producer’s stock worth $1,994,000 after buying an additional 360 shares during the period. Integrated Advisors Network LLC boosted its position in shares of Viper Energy Partners by 1.4% during the first quarter. Integrated Advisors Network LLC now owns 30,431 shares of the oil and gas producer’s stock worth $852,000 after buying an additional 431 shares during the period. BTC Capital Management Inc. boosted its position in shares of Viper Energy Partners by 4.8% during the first quarter. BTC Capital Management Inc. now owns 14,126 shares of the oil and gas producer’s stock worth $394,000 after buying an additional 651 shares during the period. Creative Planning boosted its position in shares of Viper Energy Partners by 5.5% during the fourth quarter. Creative Planning now owns 15,262 shares of the oil and gas producer’s stock worth $485,000 after buying an additional 800 shares during the period. Finally, CWM LLC lifted its position in shares of Viper Energy Partners by 128.2% in the second quarter. CWM LLC now owns 1,483 shares of the oil and gas producer’s stock worth $40,000 after purchasing an additional 833 shares in the last quarter. Institutional investors and hedge funds own 37.34% of the company’s stock.
About Viper Energy Partners
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