Viper Energy Partners LP (NASDAQ:VNOM) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.83.
A number of research analysts recently issued reports on the stock. KeyCorp lifted their price target on shares of Viper Energy Partners from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, March 16th. Simmons raised shares of Viper Energy Partners from a “neutral” rating to an “overweight” rating in a research report on Wednesday, April 7th. Barclays lifted their price target on shares of Viper Energy Partners from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, June 3rd. TD Securities lifted their price target on shares of Viper Energy Partners from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, May 5th. Finally, Piper Sandler raised shares of Viper Energy Partners from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $17.00 in a research report on Thursday, April 8th.
Institutional investors have recently modified their holdings of the business. Retirement Group LLC purchased a new position in Viper Energy Partners in the fourth quarter worth about $38,000. Larson Financial Group LLC grew its stake in shares of Viper Energy Partners by 63.7% in the first quarter. Larson Financial Group LLC now owns 2,688 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 1,046 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Viper Energy Partners in the first quarter worth approximately $46,000. Acadian Asset Management LLC bought a new stake in shares of Viper Energy Partners in the first quarter worth approximately $54,000. Finally, Quantbot Technologies LP bought a new stake in shares of Viper Energy Partners in the first quarter worth approximately $62,000. 30.85% of the stock is owned by institutional investors and hedge funds.
Viper Energy Partners (NASDAQ:VNOM) last posted its earnings results on Sunday, May 2nd. The oil and gas producer reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). Viper Energy Partners had a negative return on equity of 0.01% and a negative net margin of 19.77%. The company had revenue of $96.98 million during the quarter, compared to analysts’ expectations of $75.41 million. During the same period in the prior year, the business posted $0.21 earnings per share. On average, equities research analysts expect that Viper Energy Partners will post 0.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Thursday, May 13th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 12th. This is a boost from Viper Energy Partners’s previous quarterly dividend of $0.14. This represents a $1.00 annualized dividend and a yield of 5.19%. Viper Energy Partners’s payout ratio is 357.14%.
Viper Energy Partners Company Profile
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2020, it had mineral interests in 24,350 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 99,392 thousand barrels of crude oil equivalent.
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