KeyCorp Comments on Viper Energy Partners LP’s Q1 2022 Earnings (NASDAQ:VNOM)

Viper Energy Partners LP (NASDAQ:VNOMGet Rating) – Investment analysts at KeyCorp boosted their Q1 2022 EPS estimates for Viper Energy Partners in a report issued on Sunday, April 10th. KeyCorp analyst L. Mariani now expects that the oil and gas producer will earn $0.15 per share for the quarter, up from their prior forecast of $0.12. KeyCorp has a “Overweight” rating and a $33.00 price objective on the stock. KeyCorp also issued estimates for Viper Energy Partners’ Q2 2022 earnings at $0.18 EPS, Q3 2022 earnings at $0.16 EPS, Q4 2022 earnings at $0.15 EPS, Q2 2023 earnings at $0.12 EPS, Q3 2023 earnings at $0.12 EPS, Q4 2023 earnings at $0.12 EPS and FY2023 earnings at $0.48 EPS.

Several other research firms have also recently issued reports on VNOM. StockNews.com began coverage on shares of Viper Energy Partners in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James boosted their price target on Viper Energy Partners from $29.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, March 25th. Zacks Investment Research upgraded Viper Energy Partners from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a report on Wednesday, March 16th. Wells Fargo & Company upped their target price on Viper Energy Partners from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, March 25th. Finally, Truist Financial upped their price objective on shares of Viper Energy Partners from $35.00 to $40.00 in a research note on Thursday, February 24th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Viper Energy Partners presently has a consensus rating of “Buy” and a consensus price target of $31.89.

NASDAQ VNOM opened at $30.48 on Tuesday. The stock has a market cap of $5.11 billion, a PE ratio of 39.08 and a beta of 2.21. Viper Energy Partners has a 12 month low of $15.28 and a 12 month high of $31.89. The company’s 50-day moving average price is $28.83 and its 200-day moving average price is $25.19. The company has a current ratio of 4.54, a quick ratio of 4.54 and a debt-to-equity ratio of 0.35.

Viper Energy Partners (NASDAQ:VNOMGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The oil and gas producer reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.17. Viper Energy Partners had a return on equity of 2.21% and a net margin of 11.48%. The company had revenue of $165.79 million for the quarter, compared to the consensus estimate of $125.77 million. During the same quarter in the prior year, the company posted $0.12 EPS. Viper Energy Partners’s quarterly revenue was up 117.2% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 11th. Stockholders of record on Friday, March 4th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from Viper Energy Partners’s previous quarterly dividend of $0.38. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.17%. Viper Energy Partners’s dividend payout ratio is presently 241.03%.

In other news, major shareholder Bx Guidon Topco Llc sold 123,000 shares of the business’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $28.38, for a total transaction of $3,490,740.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Holdings L.P. Blackstone III sold 6,200 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $30.06, for a total value of $186,372.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 771,625 shares of company stock valued at $22,816,251. Company insiders own 0.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Epoch Investment Partners Inc. lifted its holdings in shares of Viper Energy Partners by 2.9% during the third quarter. Epoch Investment Partners Inc. now owns 924,665 shares of the oil and gas producer’s stock worth $20,204,000 after purchasing an additional 26,310 shares during the period. Recurrent Investment Advisors LLC boosted its holdings in shares of Viper Energy Partners by 16.8% in the 3rd quarter. Recurrent Investment Advisors LLC now owns 608,101 shares of the oil and gas producer’s stock valued at $13,287,000 after acquiring an additional 87,593 shares during the last quarter. Morgan Stanley increased its stake in shares of Viper Energy Partners by 2.2% in the third quarter. Morgan Stanley now owns 1,445,632 shares of the oil and gas producer’s stock worth $31,587,000 after acquiring an additional 30,729 shares during the period. Cardinal Capital Management LLC CT raised its holdings in shares of Viper Energy Partners by 13.5% during the third quarter. Cardinal Capital Management LLC CT now owns 2,780,414 shares of the oil and gas producer’s stock worth $60,752,000 after purchasing an additional 331,032 shares during the last quarter. Finally, Natixis acquired a new position in Viper Energy Partners during the third quarter valued at $3,548,000. Institutional investors and hedge funds own 37.94% of the company’s stock.

About Viper Energy Partners (Get Rating)

Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent.

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Earnings History and Estimates for Viper Energy Partners (NASDAQ:VNOM)

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